News
Palm Futures Down in Fragile Market
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on a lack of fresh news to drive the market, a dealer said. He said market sentiment remained fragile as traders cautiously awaited the upcoming export data and the June Malaysian Palm Oil Board (MPOB) supply an...
CPO Futures End Generally Higher
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed mostly higher yesterday, as recovery in oil prices prompted a wave of short-covering, a dealer said. The market, he said also received a boost on expectation that the demand will pick up, as traders start to stock up ahead of t...
MITI Sees Great Potential In POIC
The International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the Palm Oil Industrial Cluster (POIC Lahad Datu) has great potential in the downstream industry due to its strategic location. Situated at the centre of Brunei, Indonesia, Malaysia, the Philippines-East Asean Growth Area,...
Palm Futures Dip On Rising Supplies Fear
The crude palm oil (CPO) futures market closed lower yesterday on expectation of rising supplies in the next few months, dealers said. “The immediate trend is towards a bearish-divergence and the market will continue to remain under selling pressure from long-liquidation and unwinding of long-...
CPO Futures Downturn Yet to Hit Bottom
OBSERVATIONS: The Kuala Lumpur CPO futures market joined other major world stock and commodity markets in a collective meltdown last week. The actively-traded third month forward futures contract – the benchmark September 2010 contract – plunged not only to a new low for the year, but al...
CPO Futures Mart Still in Sluggish Mode
Crude palm oil futures on Bursa Malaysia Derivatives are expected to see volatile trading next week due to uncertainties in the global market, dealers said. They said the bearish external markets had weakened sentiments in the local CPO futures market. “Overall, the market remains in a sluggis...
