News
CPO Futures Ease on High Stock Level
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on expectations of a rise in stocks, dealers said. “The high level of stocks will likely result in the downward trend in the market,” a dealer said. June 2011 closed RM44 lower at RM3,434 a tonne, July declined R...
Strong Demand to Buoy CPO Futures
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to be firm next week on the back of rising overseas demand, dealers said. A dealer said strong demand for palm oil from India, China and the Middle East will continue to support the market in the foreseeable future. “...
CPO Futures Rebound on Renewed Buying Interest
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives staged a rebound yesterday as renewed buying interest supported prices with external factors leading the market, dealers said. “Palm oil futures have been fundamentally supported by the US soya oil market where production has be...
Palm Futures Continue Downtrend
CRUDE palm oil futures prices on Bursa Malaysia Derivatives extended the downtrend for the third consecutive day yesterday, with selling pressure weighing on the market, dealers said. June 2011 lost RM40 to RM3,435 a tonne, July 2011 declined RM34 to RM3,400, August 2011 shed RM33 to RM3,360 and Sep...
CPO Futures’ Downslide Continues
CRUDE palm oil futures prices on Bursa Malaysia Derivatives extended their downtrend for the second day yesterday, amid the release of better exports data, dealers said. June 2011 lost RM44 to RM3,475 a tonne, July 2011 declined RM31 to RM3,434, while both August 2011 and September 2011 shed RM15 to...
CPO Futures Succumb to Downward Pressure
DRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday after the earlier uptrend, succumbing to selling pressure late in the second trading session, dealers said. “It is a healthy correction cum profit taking with a hint that prices would go up after this technical correct...
