News
CPO Futures End Mostly Higher
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed mostly higher yesterday, dealers said. They said the firmer prices were helped by lower vegetable oils output amid gloomy weather and higher crude oil price. January 2011 gained RM10 to RM3,730 per tonne, February 2011 rose RM6 to RM...
Palm Futures Close Off One-Week Highs
MALAYSIAN crude palm oil futures ended off one-week highs yesterday, as China unveiled plans to restock agriculture commodities at a time when erratic weather globally may curb supplies. US soyoil for January delivery hit a 28-month high during Asian trade, as prospects of growing China demand exten...
CPO Futures Extend Three-Day Rally
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed higher as the market extended its three-day rally on concerns that weather-related horror will cut into production, dealers said. The La Nina weather, the hardest to have hit in almost half a century, has resulted in heavy rains and ...
Palm Futures Gain on Tight Supplies
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed higher as continuing concerns over tight supplies due to heavy rains pushed up prices. A dealer said if the current crazy weather persisted, CPO prices could hit RM4,000 a tonne next month. The La Nina weather, the hardest to have hi...
Malaysia Plantation Sector Upgraded
Malaysia’s plantation sector was raised to “overweight” from “neutral” at RHB Research Institute Sdn Bhd, on higher crude palm oil price forecasts. The forecast was raised by RM200 a metric ton for 2011 and 2012 to RM3,100 a ton and RM2,900 a ton respectively, Hoe Lee Leng, an analyst at RHB Researc...
CPO Futures Rise on Supply Worries
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended higher yesterday as traders anticipated tight supply and stocks as a result of heavy rains, dealer said. Traders predict stocks would reach the lowest level in four years by the end-December. January gained RM5 to RM3,575 per to...
