News
CPO Futures Lower on Bearish Sentiment
CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower yesterday following the downtrend on the Dalian Commmodity Exchange and profit-taking activities, dealers said. Another dealer said many traders were still concerned over rising domestic supply due to better weather con...
CPO to Stablilise Between RM3,000 – RM3,500 by December
Should CPO prices remain at this level throughout the year, Malaysia’s export earnings for 2011 are also expected to exceed the record high of RM65 billion in 2008. KUALA LUMPUR: Crude palm oil (CPO) prices, which have softened to RM3,300 a tonne currently, are expected to stabilise between RM...
CPO Futures Rebound Amid Low Volume
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives rebounded to close higher yesterday in line with the uptrend on the Dalian Commodity Exchange, a dealer said. Meanwhile, Interband Group of Companies senior palm oil trader Jim Teh said although the volume was lower, the prices had...
Palm Futures Down on Profit-Taking
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives ended lower yesterday on continued profit-taking by speculators and lower demand. Interband Group of Companies senior palm oil trader Jim Teh said speculators tried to push the price below RM3,000 a tonne amid rising CPO production. Due ...
CPO Futures End Easier on Profit-Taking
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed easier yesterday on further profit-taking by speculators and lower crude oil prices. May and June contracts fell RM25 each to RM3,387 per tonne and RM3,355 per tonne respectively while July shed RM30 to RM3,330 per tonne and...
Palm futures end mostly lower
CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower yesterday prompted by profit-taking activities and weaker export data released by two cargo surveyors, a dealer said. May ended RM7 higher at RM3,412 per tonne, June shed RM6 to RM3,380 per tonne while July and A...
