News
Proposed Palm Oil Law ‘Goes Against Aussie Government Policy’
KUALA LUMPUR: Malaysia can still stop Australia from passing a law that will discriminate palm oil, said an Australia-based world trade expert, who feels the move goes against Australian policy. “If the Malaysian government gave the Australian government incentive enough to resist the measure ...
CPO Futures to See Bearish Sentiment
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to see continued bearish sentiment. Jim Teh, Interband Group of Companies’ senior trader, said technical correction could drive the market with CPO prices hovering between RM2,800 and RM3,000 per tonne. “Buyers will no...
CPO futures down as traders take profit
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives continued to closed lower yesterday due to profit-taking activities. A dealer said the weakness in crude oil and soya oil prices also kept most buyers away. July and August 2011 contracts both decreased by RM36 to close at RM3,165 and...
Palm futures dip on fragile sentiment
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed lower yesterday as concerns about oversupply dampened sentiment. “Demand was still there due to mild pre-stocking activities ahead of Ramadan but sentiment remained fragile as most traders expect production to increase further,...
CPO futures up on mild buying support
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on mild buying support, dealers said. They said although the market was weak, the current sentiment was still bullish as proven by the positive export data released on Monday. July 2011 rose RM32 to RM3,252 a t...
CPO futures weaker on late profit-taking
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed broadly lower yesterday on late profit-taking, dealers said. A dealer said the market saw active trading in the morning session but retreated later on profit-taking. The market saw open interest for crude palm oil futures (FCPO...
