News
Palm Futures End Steady
Crude palm oil was steady yesterday supported by gains in soyabean and uncertainty over grains crop harvests due to adverse weather which would slow global vegetable oil supplies. Players also awaited July export data on the weekend for fresh direction. The benchmark October contract on Bursa ...
Ministry Investigates FFB Supply Problems
The Ministry of Plantation Industries and Commodities is investigating a newspaper report that local independent palm oil millers are facing problems getting good quality fresh fruit bunches (FFB). The supply and quality of FFB sourced mainly from licensed dealers has been poor, the report had said....
Palm Futures Steadier on Supply Concerns
PRICES of crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended higher yesterday on the back of steady crude oil price, dealers said. Concerns on a shortage of supply due to the rainy season and price rise in commodities generally were also among contributing factors to the posi...
CPO Futures Rise On La Nina Concerns
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on concerns that a rising La Nina weather will affect production, dealers said. The dry weather experienced in the last few months can induce heavier rains or a La Nina weather pattern in palm oil-producing Sou...
CPO Futures End Higher After Bearish Trend
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher in a technical correction yesterday after a bearish trend on Monday, said dealers. However, the overall market was weak. At the close, the CPO futures for August 2010 rose RM5 to close at RM2,555 per tonne, September 201...
Indonesian Palm Oil Exports Up 9pc In June
JAKARTA: Palm oil exports from Indonesia, the world’s largest producer, rose 9 per cent in June, gaining for a second straight month, as buyers built up stockpiles ahead of a Muslim festival, according to an industry group. Shipments climbed to 1.13 million tonnes last month compared with 1.04...
