News
Palm Futures Rise on Bullish Leads
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday driven by favourable weather and strong demand, dealers said. April and May rose RM21 each to close at RM3,455 and RM3,430 a tonne, respectively, while June and July gained RM18 each to RM3,417 and RM3,408 respectivel...
CPO futures may face selling pressure
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives may come under selling pressure next week. “Sentiment could turn bearish as production begins to pick up after the wintering season. “Production is rising and that’s prompting fears of rising stock levels,” sai...
CPO fututres rise on bullish finish
CRUDE palm oil futures on Bursa Malaysia Derivatives ended higher yesterday despite mild profit-taking earlier in the day, a dealer said. April and July rose RM59 each to RM3,434 and RM3,390 a tonne respectively, while May and June gained RM71 each to RM3,409 and RM3,399. Turnover jumped to 32,390 l...
Palm Futures Dip on Higher Output Outlook
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on expectations of higher production, dealers said. The Malaysian Palm Oil Board as well as cargo surveyors Societe Generale de Surveillance and Intertek Testing Services are due to release their production a...
Palm Futures Advance, Riding on External Cues
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed slightly higher yesterday as gains in soya oil raised sentiments, a dealer said. “Palm oil is riding on external cues due to lack of fresh leads on the local front, while concerns over rising production mounted,”...
CPO Futures Slightly Lower in Active Trading
CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed slightly lower in active trading yesterday despite a sharp rise in the morning, a dealer said. The market reacted to higher soyaoil futures prices on the Chicago Board of Trade, which prompted palm oil prices to follow suit. ...
