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CPO Futures Expected to be Rangebound
Crude palm oil futures on Bursa Malaysia Derivatives are expected to see range-bound trading next week, especially with continuous appreciation of the ringgit, dealers said. A dealer, however, said the stable level of the palm oil stocks in the country could help mitigate the rising cost. The Malays...
CPO Futures Hit Fresh 3-Week High
CRUDE palm oil futures prices on Bursa Malaysia Derivatives hit fresh three-week highs yesterday as trade gained on expectations of a rebound in exports. The local market may trade half a day today, ahead of Hari Raya Aidilfitri. September 2010 rose RM137 to RM2,785 a tonne, October 2010 rose RM38 t...
Palm Futures Hit 3-Week High
CRUDE palm oil (CPO) futures prices hit a three-week high yesterday as market players took up positions ahead of the Hari Raya Aidilfitri holidays, dealers said. They said market talk of a strong Chinese demand for vegetable oils spurred volume. A dealer said the likelihood of a lower-than-expected ...
Malaysia Palm Oil Futures at 2-Week High
Palm oil futures in Malaysia climbed to the highest level in more than two weeks. November-delivery futures jumped as much as 0.9 per cent to RM2,594 a metric ton on the Malaysia Derivatives Exchange, the highest since Aug 19, and traded at RM2,588 at 10:35 a.m. in Kuala Lumpur. – Bloomberg So...
Dull Overseas Demand May Keep CPO Prices Rangebound
DULL demand from overseas and domestic buyers will keep crude palm oil futures prices on Bursa Malaysia Derivatives rangebound next week, a dealers said. “It is difficult to judge the market movement next week because the holiday is too long and most traders have already stocked up their posit...
