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Palm Futures Down On Technical Correction
Crude palm oil futures prices closed lower yesterday on technical correction and on anticipation of a lower export data next week, a dealer said. However, it was a healthy correction with demand picking up, he said. The market had rallied strongly during the week and traders slowed down before the n...
NatOleo A Win-Win Deal For Kulim And Wilmar
Kulim will be able to cut debts while Wilmar will strengthen its position PETALING JAYA: Diversified plantation group Kulim (M) Bhd and Asia’s leading agribusiness group Wilmar International Ltd are set to become winners from Kulim’s unit Natural Oleochemicals Sdn Bhd (NatOleo) sale deal. On Wednesd...
Speculative Buying Interest Lifts CPO Futures
Crude palm oil futures prices closed higher yesterday on speculative buying interest and tight supply, a dealer said. “With production currently at low levels due to unfavourable weather conditions, prices are expected to remain positive,” he said. As crude oil hovered below US$77 (US$1....
Kulim Selling NatOleo To Wilmar For RM450m
Kulim has entered into a share sale agreement with Wilmar’s unit PGEO Group to dispose of its entire 91.38 per cent stake in Natural Oleochemicals. Kulim (Malaysia) Bhd (2003) will sell its entire stake in its oleochemical products manufacturing unit to Singapore’s Wilmar International L...
Palm Futures Rise On Short-covering
The crude palm oil futures market closed higher yesterday buoyed by firmer crude and soyaoil prices. Short-covering by traders also helped lift market sentiment. Crude oil was at a near three-week high of US$75 (US$1.00 = RM3.25) per barrel hence the positive sentiment for crude palm oil which appea...
CPO Futures Fall As Players Take Profifs
Crude palm oil futures prices on Bursa Malaysia Derivatives closed lower yesterday as players booked profits following Monday’s run-up, traders said. They said the market reacted to weak export figures released by cargo surveyor, Intertek Testing Services. Exports of palm oil products between ...
