News
Bulls Set to Push CPO Futures Price Higher in Short Term
OBSERVATIONS: The Kuala Lumpur CPO futures market ended last week on the cusp of an ascension to a higher price plane in its present short-term bull phase. The market plunged at first to a low of RM2,434 a tonne based on the benchmark October 2010 contract. After that it made a U-turn soaring to a [...
CPO Futures Likely to Maintain Uptrend
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives is likely to continue its upward momentum next week amid continuous demand from China, India, Pakistan and Indonesia, a dealer said. These countries have begun purchasing the edible oil to meet the requirements of consumers during the...
