News
CPO Futures Set to Consolidate
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives is likely to consolidate next week after having beached a two-year high this week, dealers said. The benchmark third-month CPO contract, January 2011 surged RM83 to RM3,273 per tonne on Monday, a level last seen on July 18, 2008. CPO prices ...
CPO Futures’ Winning Run End
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday after four straight days of gains, dealer said. At the close, the November 2010 and December 2010 dropped RM55 each to settle at RM3,337 and RM3,349 a tonne respectively, January 2011 shed RM43 to RM3,353 and February 2011 f...
CPO Projected to Hit RM3,500 in a Year
CAIRO: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to fetch RM3,600 per tonne over the next 12 months, says a market strategist. Benny Lee, the Chief Market Strategist for NextView Group, which provides real-time investment tools for both professional and retail...
Palm Disease Threatens Oil Palm Estates
SARAWAK and Sabah are potential sites for oil palm plantations but unfortunately face the serious threat of plant diseases, especially the Ganoderma Basal Stem Rot (BSR) disease. East Malaysia Planters Association (EMPA) management committee chairman Ismail Mustapha said that Ganoderma BSR, also kno...
Palm Futures Rally Continues
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives continued its rally to close higher yesterday, on concerns of weaker production due to heavy rains, dealers said. November 2010 and December 2010 rose by RM8 each to close at RM3,392 and RM3,404 respectively and February 2011 added RM...
Demand Pullback If CPO Hits RM4,000
Demand destruction will start if crude palm oil (CPO) prices get excessively high, say research houses, OSK Research and ECM Libra. Currently, the CPO price is hovering at RM3,000 per tonne. OSK Research said palm oil supply would remain tight in the first half of 2011 and this would keep the prices...
