News
CPO Futures to Trade Within Tight Range
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives will likely trade within a tight range as most market players are already away for the Chinese New Year holidays, dealers said. The local market will be closed for three days — Tuesday for Federal Territory Day and, Thursday and...
CPO Futures Rise on Short-Covering
CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended higher on short-covering activities ahead of the weekend, dealers said yesterday. February rose RM15 to RM3,765 per tonne, March increased RM18 to RM3,743, April improved RM15 to RM3,700 and May gained RM16 to RM3,651. Turnover decrea...
Eight Palm Oil EPPs Starts to Show Progress
PUTRAJAYA: Some of the eight palm oil entry point projects (EPPs) identified under the Palm Oil National Key Economic Area (NKEA) have started making progress despite their launch only three months ago, said Performance Management and Delivery Unit (Pemandu) director of palm oil, agriculture and rub...
Palm Futures End Slightly Higher
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed slightly higher yesterday, tracking the uptrend in soyaoil prices on the Chicago Board of Trade, dealers said. February rose RM2 to RM3,750 a tonne, March increased RM5 to RM3,725, April improved RM15 to RM3,685 and May gained RM26 t...
CPO Futures Down on Broad-Based Selling
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed lower yesterday on broad-based selling in the commodity markets and concerns over slower demand after India increased interest rate to curb inflation, dealers said. February 2011 declined by RM29 to close at RM3,748 a tonne, March 20...
Palm Oil Exports Set for Another Record Year
MALAYSIA’S palm oil exports may achieve another record year like 2008’s all time high of RM65 billion, thanks to higher average palm oil prices and improving global demand. So far in January 2011, palm oil futures prices is averaging at RM3,500 per tonne, higher than last year’s RM2,700 ...
