News
Palm Futures May Breach RM3,000
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives may breach the RM3,000-level next week on weakening US dollar and prospects of a shortfall in supply, dealers said. Interband Group of Companies Senior Palm Oil Trader Jim Teh said there could also be speculative buying that would push price...
CPO Futures Close Nearer to RM3,000
CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday with prices moving close to the RM3,000 level driven by the weakening of the dollar and concerns of short supply, dealers said. October 2010 gained RM15 to RM2,890 a tonne, November 2010 rose RM7 to RM2,930, December 2010 g...
CPO Prices Fast Approaching RM3,000
MIMB Investment Bank expects the plantation sector to become more positive in the coming months with crude palm oil prices fast approaching the RM3,000 per tonne mark. CPO has rallied 15 per cent in the past six months amid optimism that demand will increase in Asia and on concerns excess rain will ...
Palm Futures Down As Market Retreats
Crude palm oil futures on Bursa Malaysia Derivatives closed lower, retreating from recent advances where prices struggled to break the RM3,000 per tonne price level, dealers said. October 2010 slipped RM5 to RM2,875 a tonne, November 2010 fell RM5 to RM2,923 , December 2010 slipped RM14 to RM2,916, ...
CPO Futures Up on Data Report
CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday on expectations of higher exports data, dealers said. Traders were expecting favourable exports data for palm oil which will be released tomorrow. Cargo surveyor Societe Generale de Surveillance reported recently that expor...
CPO Futures Lower As China Move Hits Prices
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday as news of China lifting a ban to allow the import of soyabean oil from Argentina caused pressure on CPO futures prices, dealers said. October 2010 lost RM24 to RM2,870 per tonne, November 2010 dropped RM28 to RM2,901,...
