News
Palm Futures Dip on Lack of Good Leads
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday due to lack of positive news, said a dealer. July 2011 fell RM16 to RM3,039 a tonne from RM3,055, August 2011 lost RM12 to RM3,038 from RM3,050 while September 2011 and October 2011 dropped RM11 each to RM3,029 ...
CPO Futures Close Weak
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on reports of higher production which would increase the level of stocks. According to a news report, production will continue to rise in July and beyond, due to good weather in the main planting areas. The repo...
Palm Rebounds From 8-Month Low
Palm oil rebounded from the lowest level in eight months on speculation lower soybean acreage in the US, the world’s biggest exporter, will reduce global vegetable oil supplies. The September-delivery contract advanced as much as 1.6 per cent to RM3,084 per metric ton on the Malaysia Derivatives Exc...
Palm Futures End Slightly Firmer
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed slightly higher yesterday on buying interest, dealers said. A dealer said the market saw major buying support from the Dalian market. The July 2011 contract gained RM5 to RM3,075 a tonne, August 2011 increased RM9 to RM3,061 and Sept...
For the Love of the Redheads?
“What’s in a label?” one may ask. Aplenty, especially when it has to do with saving the redheads of Borneo, an affectionate term for the orang utans by Australians. It is quite heartwarming to know how the people rally behind their green leaders to save these redheads in Indonesia and Malaysia...
CPO Futures Set to Move Sideways
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to move sideways next week, dealers said. A dealer said the market was expected to lose strength due to expectations of rising stocks and a slowdown in demand. “The market is expected to undergo some bearish movemen...
