News
Lower Palm Oil Stocks Puzzling : OSK
Lower stocks of palm oil in July, despite production exceeding exports, is baffling the market, says OSK Research Sdn Bhd. Production rose seven per cent in July to 1.519 million tonnes and exports was up marginally by 1.8 per cent, but stocks fell 45,400 tonnes to 1,406 tonnes. “We find this ...
Palm Futures End At Near 7-Month High
Crude palm oil futures contracts on the Bursa Malaysia Derivatives closed at a near seven-month high on strong demand from China and concerns that a dry weather in the US could affect soya bean production, dealers said. August 2010 rose RM78 to RM2,822 a tonne, September was RM65 higher at RM2,762, ...
CPO Futures Rise on Export Recovery Hopes
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Palm Futures Down in Fragile Market
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Palm Futures at 5-Month High, Its 4th Weekly Rise
PALM oil reached the highest level in almost five months yesterday after a ban on grain exports by the drought- hit Russia sent prices of soybeans and corn soaring. October-delivery futures jumped as much as 2.9 per cent to RM2,695 a metric ton on the Malaysia Derivatives Exchange, the highest level...
Festive Demand Drives Up CPO Futures
CRUDE palm oil (CPO) futures ended firmer yesterday on Bursa Malaysia Derivatives driven by the festive demand for the commodity against a backdrop of tight supply, dealers said. An analyst said prices could hover around RM2,650 per tonne due to supply constraints brought on by the El Nino phe...
