News
CPO Futures Ease on Mideast Unrest
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday on concerns over the unrest in the Middle East and big refiners selling down the market, a dealer said. March 2011 and April 2011 slid RM72 to RM3,506 and RM3,480 respectively, while May 2011 dwindled RM59 to RM3,455 a...
Mielke: Palm Oil to Slip Into Discount Against Soyaoil
Malaysian palm oil will flip from its current premium to competing soyaoil and trade at a discount, as production recovers in the second half of this year, a leading analyst said yesterday. Palm olein now trades at a US$70 (RM210) premium to a tonne of Argentine soyaoil, triggering concerns that dem...
CPO Futures End Sharply Lower
CRUDE palm oil futures on Bursa Malaysia Derivatives closed sharply lower yesterday tracking losses in the global soya oil market and the fall in China’s Dalian soya oil, a dealer said. March 2011 went down RM159 to RM3,578a tonne, April 2011 fell RM166 to RM3,552, May 2011 shed RM155 to RM3,5...
CPO Futures End Marginally Higher
CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed slightly higher yesterday amid the uptrend in soyabean prices in US market and the Dalian Commodity Exchange, dealers said. March 2011 jumped RM11 to RM3,737, April 2011 climbed RM11 to RM3,718, May 2011 rose RM13 to RM3,669 and J...
Crude Palm Oil Futures Seen to be Trading at RM3,600 to RM3,800
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to be traded around the RM3,600 to RM3,800 per tonne level this week as some investors might pull back investments in local commodities, dealers said last week. As the European Union (EU) economy is recovering, fun...
Palm Futures Down as Dealers Take Profit
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, dealers said. A Reuters technical analysis showed Malaysian palm oil price will decline further to RM3,570 tonne, based on its wave pattern and a triangle pattern. Although cargo surveyor Intertek Tes...
