News
RM297 Million Fund for Oil Palm Smallholders
Plantation Industries and Commodities Minister Tan Sri Bernard Dompok will launch a RM297 million allocation for oil palm smallholders to replace their aged trees on Jan 31 in Sabah. This initiative could assist smallholders to replant oil palm trees of 25 years and above with high quality new clone...
CPO Futures Down on Weaker Export Data
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed lower yesterday tracking the downtrend in soyaoil prices and the Dalian Commodity Exchange, dealers said. Players also reacted to the weaker export data released by cargo surveyor Societe Generale de Surveillance (SGS). SGS said Mala...
Palm Futures End Slightly Higher
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed slightly higher yesterday, tracking improved prices on the Chicago Board of Trade and China’s Dalian Commodity Exchange, dealers said. The market is likely to be in a rangebound trade this week as market players remain on the s...
CPO Futures Seen Firm on Export Data
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade higher next week on expectations of strong export data, a dealer said. “The higher prices will be also in line with the bullish market on the Dalian Commodity Exchange and higher oil prices,” he said. Cargo ...
CPO Futures End Higher as Brent Oil Advances
CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher yesterday after the uptrend on the Dalian Commodity Exchange and higher Brent oil prices, a dealer said. February 2011 rose RM63 to RM3,792 a tonne, March 2011 gained RM65 to RM3,780 while April 2011 added RM62 to RM3,7...
CPO Futures Prices Rebound
PALM oil prices bounced from one-month lows hit early yesterday, as persistent worries that demand will outstrip supplies, buoyed prices. The benchmark April 2011 crude palm oil contract on Bursa Malaysia Derivatives ended up 0.6 per cent at RM3,670 a tonne, after going as low as RM3,610 a tonne ear...
