News
CPO Futures Set Remain Above RM3,000
Crude palm oil futures prices on Bursa Malaysia Derivatives are likely to remain above RM3,000 per tonne next week amid strong overseas demand, dealers said. A dealer said demand fundamentals for palm oil remained supportive and the industry was expecting more shipment to China, India and the Middle...
Palm Futures Post Modest Gains
CRUDE palm oil futures prices on Bursa Malaysia Derivatives posted modest gains at close yesterday amid lack of interest, dealers said. June 2011 and July 2011 rose RM2 each to settle at RM3,517 and RM3,463 respectively, while August 2011 and September 2011 were flat at RM3,416 and RM3,397. Trading ...
Oil lower on demand concerns
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday amid bullish export data for the first 25 days of May, dealers said. At close, June 2011 jumped RM55 to close at RM3,515 per tonne, July 2011 perked RM53 to RM3,461, August 2011 gained RM36 to RM3,416 a...
CPO futures rise on bullish demand
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday with market players bullish over the May 1-25 palm oil export data, due to be released today, dealers said. June 2011 gained RM17 to close at RM3,460 a tonne, July 2011 increased RM21 to RM3,408, August...
Palm Futures Fall on Weak Commodity Markets
Crude palm oil futures prices on Bursa Malaysia Derivatives closed lower yesterday on weak commodity markets globally, dealers said. They said the bearish sentiment was due to renewed worries about the eurozone debt crisis, while the downtrend in equity markets globally put further pressure on the c...
CPO Futures Expected to Rise Further
Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to continue the uptrend next week driven by positive sentiments from the external market and export data, dealers said. They said the uptrend would continue unless short covering occurred. A dealer said cargo surveyors...
