News
Rangebound Trading Ahead for CPO Futures
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives is expected to remain rangebound next week due to volatile conditions in the global economy, dealers said. They said demand for vegetable oil would be affected following the tightening of monetary policy by authorities around the world to he...
CPO Futures Dip on Weak Sentiment
CRUDE palm oil futures contract on Bursa Malaysia Derivatives closed lower yesterday in tandem with other weak global commodity markets, dealers said. They said concerns over palm oil supply and subdued demand in the physical market weakened market sentiment, globally, against a backdrop of a strong...
CPO Futures Dip on Weak Sentiment
CRUDE palm oil futures contract on Bursa Malaysia Derivatives closed lower yesterday in tandem with other weak global commodity markets, dealers said. They said concerns over palm oil supply and subdued demand in the physical market weakened market sentiment, globally, against a backdrop of a strong...
CPO Futures Ease Amid Weak Overseas Market
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower yesterday in line with the weak soybean futures at the electronic Chicago Board of Trade, dealers said. Dealers said the weak overseas market due to higher supply of the commodity and shrinking demand, added bearishness to the ma...
Palm Futures Rebound as Export Data Boost
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded yesterday on bullish April export figures, dealers said. Cargo surveyor Intertek Testing Services data showed the local palm oil exports increased 13.6 per cent to 1,255,392 tonnes in April from a month ago. Another surveyor, Socie...
Europeans Keen on Biomass Projects in Malaysia
There are 10 investors keen to fund biomass projects where plantation wastes like fruit bunches are used to produce electricity Kuala Lumpur: It appears to be a case of communication breakdown. European investors are lining up money to fund biomass projects in Malaysia but the local oil palm plantat...
