News
CPO Futures Prices End Easier
CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended easier yesterday after a drop in China’s Dalian Commodity Exchange, a dealer said. He said the market was also surprised by the not-so-bullish data released by two cargo surveyors and the Malaysian Palm Oil Board earlier yesterd...
CPO Futures May Extend Uptrend
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to extend their upside trend next week, but gains could be limited due to profit-taking, dealers said. A dealer said the CPO price was likely to move between RM3,800 and RM4,000 per tonne next week. MIDF Research, in its eq...
CPO Price Seen Beating RM4,000 in Q1
The crude palm oil (CPO) price has been revised upwards by 13 per cent to RM3,400 per tonne for this year from RM3,000 per tonne previously, says MIDF Research. The research house also expects the CPO price to break the RM4,000 per tonne level in the first quarter, due to strong demand for the comin...
CPO Futures End Firmer
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed on a firm note yesterday with the prices touching 33-month high, dealers said. They attributed the bullish market to shrinking supplies as production continued to fall due to disruption in harvests in Indonesia and Malaysia. On...
RM4.4 Billion Allocation for Oil Palm Replanting
MALAYSIA’s oil palm industry will spend RM4.4 billion to replant some 365,000 hectares from 2011 to 2013, an official from the Performance Management and Delivery Unit (Pemandu) in the Prime Minister’s Department said. “We cannot force landowners to do something they don’t wa...
CPO Close Higher
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday with the benchmark three-month contract at a new 33-month high, dealers said. They said March 2011 increased by RM64 to close at RM3,852 per tonne. CIMB Bank, in a research note, said the bullish CPO market was...
