News
Palm Oil Declines for Fifth Day
Palm oil dropped for the fifth day on concerns that a decline in exports from Malaysia may boost stockpiles of cooking oil in the world’s second-biggest producer. The most-active June-delivery contract fell 0.3 per cent to RM3,261 (US$1,079) a metric ton, the lowest price since Nov. 24. Futures slum...
CPO Futures End Lower on Mild Profit-Taking
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended lower yesterday on mild profit-taking, dealers said. At close, April 2011 fell RM13 to RM3,347 per tonne, May 2011 lost RM7 to RM3,328 per tonne, June 2011 slid RM2 to RM3,306 per tonne and July 2011 unchanged at RM3,293 per ...
CPO Futures Lower as Supply Fears Ease
CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended lower yesterday as higher production eased market concern over supply, dealers said. They said traders trimmed their positions as the country’s stockpile increased from the previous month due to better weather. April 20...
CPO Futures Easier on Bearish Export Data
CRUDE palm oil futures contract on Bursa Malaysia Derivatives ended the day easier following bearish export data. SGS estimated that Malaysian palm oil exports fell 9.5 per cent to 734,897 tonnes in March compared with 811,813 tonnes shipped in February. Intertek Testing Services reported a 12.8 per...
‘EU Not Supporting NGOs Against Palm Oil’
THE European Union is not using environmental non-government organisations as a “fifth column” to help it achieve its Renewable Energy Directive (RED) which places palm oil for biofuel at a disadvantage, says Trade Commissioner Karel de Gucht. “RED is a result of a legislative deci...
CPO Futures to See Mixed Trading
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to trade mixed next week as market players are expected to remain cautious following uncertainties in the global market. Dealers said continuous uncertainty over the nuclear crisis in Japan, turmoil in the Middle East and rising o...
