News
CPO futures likely to see correction
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to see a correction next week, says Interband Group of Companies senior trader Jim Teh. He said there was a need for a correction before a rebound in the next two weeks. “Therefore, I foresee for the next two weeks th...
Sweet victory for Malaysia
KUALA LUMPUR: Palm oil industry players, in lauding the move by the Australian Senate committee to reject a mandatory palm oil labelling bill, say the battle is far from over for the commodity to gain wider market access in international markets. The decision from Canberra spelt a sweet and sig...
Palm futures fall as buyers stay on the sidelines
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday as buyers stayed on the sidelines on worries about euro debt crisis and its impact on global economy, dealers said. July 2011 fell by RM66 to close at RM3,218, while August 2011 declined RM68 to RM3,200. Septemb...
Malaysia Wins Case Against Australian Palm Oil Labelling Bill
KUALA LUMPUR: Malaysia has won its case against Australia’s proposed Truth in Labelling – Palm Oil Bill. The Community Affairs Legislative Committee of the Australian Senate in Canberra has recommended that the Bill not be passed. Senator Claire Moore, who was the chair, said the committ...
CPO Futures Rise as Buyers Stock Up
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday as buyers started to stock up ahead of the fasting month in July, dealers said. June 2011 contract gained RM17 to close at RM3,278 per tonne and July 2011 contract increased by RM25 each to close at RM3,284. Au...
CPO Futures Down on Slow Trade
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed lower yesterday as buyers stayed on the sidelines to await the release of export data, dealers said. June 2011 and July 2011 contracts both fell by RM8 each to close at RM3,261 a tonne and RM3,723 respectively, while August 2011 shed...
