News
CPO Futures May Test New Highs Next Week
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives may test new highs next week as they move into the New Year, fuelled by renewed interests from traders and concerns over tight supplies, dealers said. A dealer said although it would be tough to predict the direction of the prices next week,...
Palm Futures Retreat from 7-Days Rally
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives retreated from its seven-day rally with traders taking profits after prices hit a fresh 33-month high yesterday. “Traders decided to take profits amid book closure and lack of fresh leads ahead of the new year holidays,” said a d...
Feeding the World in 21st Century
One of the biggest challenges the world faces over the next half century is howto feed a global population that is rapidly increasing. Some estimates have world population topping out at nine billion by mid-century, a near 50% increase. World demand for calorie-rich, nutritious fare is starting toju...
Palm Futures Hit Fresh 33-Month High
CRUDE palm oil futures on Bursa Malaysia Derivatives hit fresh 33-month high borrowing strength from other vegetable oil markets, dealers said. “Dry weather in South America may disrupt soya bean yields especially in soya-producing Argentina,” a dealer said. Another dealer said heavy rai...
Palm Futures Hit 33-Month Highs
MALAYSIAN crude palm oil futures hit 33-month highs yesterday as hopes of strong China demand and erratic weather helped shrug off Beijing’s surprise interest rate hike. China soyoil recovered some losses, after dropping earlier in the day, on expectations that the government would restock food stap...
China, India Demand to Lift CPO Futures
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to trade higher next week with increasing demand from China and India, dealers said. They said China was reported to have started to stock up vegetable oils before the Chinese New Year in February next year. A dealer said t...
