News
CPO Futures Down on Profit-taking
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended mostly lower yesterday on profit-taking, dealers said. On the futures market, January 2011 declined by RM162 to end at RM3718 a tonne. February 2011 rose RM7 to RM3,699, March 2011 decreased RM30 to RM3,650 and April 2011 was do...
Strong Chinese New Year Demand to Boost CPO Prices
KUALA LUMPUR: Strong overseas demand mainly from China for the approaching Chinese New Year, is expected to further boost the Crude Palm Oil (CPO) futures on Bursa Malaysia Derivatives this week. This, coupled with a confirmed order of 30,000 tonnes of CPO from Thailand, will be the major catalyst f...
Palm Futures Down on Technical Correction
AFTER trending higher on Thursday on expectations of bullish export for the coming Chinese New Year, crude palm oil futures prices finished lower on Bursa Malaysia Derivatives yesterday on technical correction, a dealer said. January 2011 rose to RM158 to end at RM3880 a tonne. Meanwhile, February 2...
CPO Futures Up on Fresh Demand
CRUDE palm oil futures prices on Bursa Malaysia Derivatives rebounded to close higher yesterday on expectations of fresh demand ahead of the Chinese New Year celebrations, a dealer said. On the futures market, both January 2011 and February 2011 rose RM39 to end at RM3,722 and RM3,718, respectively,...
CPO Price Stays Despite Low Corn, Soybean Supply
Price-premium gap between the rival edible oils has narrowed down PETALING JAYA: The US forecast of a thin supply of corn and soybean this year would have a minimal influence on the demand and price of crude palm oil (CPO). This was because the price premium that soybean oil commands over palm oil h...
CPO Futures Down for Third Straight Day
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives extended their downtrend for the third straight day yesterday following a decline in China’s Dalian Commodity Exchange. January and February decreased RM46 to end at RM3,683 and RM3,679 respectively, while March 2011 declined RM...
