News
Palm Futures Dip on Weak Buying Interest
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on weak buying interest, dealers said. “Buyers are taking a cautious approach,” a dealer said, adding that the increase in March production weighed in on prices. At the close, April 2011 fell RM24 to...
Palm futures dip on weak buying interest
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on weak buying interest, dealers said. “Buyers are taking a cautious approach,” a dealer said, adding that the increase in March production weighed in on prices. At the close, April 2011 fell RM24 to...
CPO Futures End Slightly Higher
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended slightly higher in thin trade yesterday. “The morning session opened higher, but pared down its gains towards the close,” a dealer said, adding that speculators were sidelined awaiting fresh data from the market. At ...
CPO Futures to Face Selling Pressure
Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower on selling pressure next week, dealers said. “The latest March export figures, to be announced by Intertek Testing Services and Societe Generale de Surveillance on Thursday, may also weigh on prices,&#...
CPO Futures End Slightly Lower
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended slightly lower yesterday on a technical correction, dealers said. The dealers also said the market sentiment was dragged down by weaker export data released by cargo surveyors, Societe Generale de Surveillance (SGS) and Intertek...
CPO Futures Continue Down Trend
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended lower for the fourth consecutive day yesterday tracking a weakening global trend, dealers said. At the close, April 2011 fell RM24 to RM3,323 per tonne, May 2011 and June 2011 fell RM36 each to RM3,292 and RM3,270 respectivel...
