News
Palm Futures Lower on Profit-Taking
CRUDE Palm Oil futures prices on Bursa Malaysia Derivatives ended the day lower on profit-taking, dealers said. According to a dealer, players are awaiting fresh leads, to make a move in the market. At the close, January 2011 slipped RM76 each to RM3,570 a tonne, February 2011 eased RM83 to RM3,547 ...
Palm Oil Drops As Malaysian Exports Fall
Palm oil fell for a third day after a drop in exports from Malaysia, the world’s second-largest producer, and as some investors sold the commodity to lock in gains ahead of the Christmas and New Year break. The February-delivery contract dropped as much as 1.1 per cent to RM3,627 (US$1,155) a metric...
Palm Futures End Broadly Lower
CRUDE palm oil (CPO) futures prices closed mostly lower yesterday on news of lower exports and lack of demand, dealers said. A dealer said the players reacted to the weak export data and trimmed their positions. December 2010 rose RM15 to RM3,665 a tonne, January 2011 slipped RM37 to RM3,683, Februa...
Palm Oil and Reduced Global Warming
AT a recent forum organised by the Palm Oil Refiners Association of Malaysia (PORAM), it was revealed that there was no moral case for Western Environmental NGO (WENGO) campaigns against palm oil. Data indicates that the agricultural land occupied by the world palm oil industry is miniscule (1.56 pe...
CPO Futures Dip as Profit-Taking Sets In
CRUDE palm oil futures prices ended lower yesterday prompted by profit-taking activities as players were cautious ahead of the release of December export data, dealers said. Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance will unveil December 1-15 Malaysian palm oil ex...
Palm Oil Prices Hits 30-Month High
Inventory levels and weather to determine future movement PETALING JAYA: Inventory levels and the La Nina weather patterns will determine the price of palm oil, which hit a 30-month high yesterday. Crude palm oil (CPO) for February delivery rose RM89 to close at RM3,722 yesterday. Analysts expect pr...
