News
CPO Prices May Trend Lower on More Fruits
Palm oil prices are expected to trend lower in the coming months as oil palm trees are set to produce more fruits in the second half of the year. Rabobank International’s Asia regional head of food and agribusiness research and industry, John Baker, said at current crude palm oil (CPO) price o...
CPO Futures End Firmer Bolstered by Overseas Buying
PRICES on the crude palm oil (CPO) futures market closed firmer yesterday, bolstered by firm buying from overseas, particularly India and China, dealers said. The contract month July 2010 and October 2010 closed RM5 higher each to RM2,457 and RM2,380 per tonne respectively, while August 2010 added R...
CPO Futures Firmer on India Demand
PRICES on the crude palm oil (CPO) futures market closed higher yesterday, supported by demand from India for the commodity, dealers said. One of the dealers said that there was lower demand for the commodity from China. At close, the July 2010 contract month rose RM2 to RM2,452 per tonne, August 20...
Palm Futures End Lower as Oil Prices Fall
THE crude palm oil futures market closed lower following a drop in global crude oil prices, dealers said. US crude oil fell below US$77 (US$1.00 = RM3.25) per barrel yesterday on expectation that the yuan would appreciate further. July and August declined RM26 each to RM2,450 and RM2,404 per tonne, ...
CPO Futures End Higher on Better Export Data
THE crude palm oil futures market ended generally higher on Bursa Malaysia Derivatives yesterday, on the back of improved export data for early June. Two independent cargo surveyors, Intertek Testing Services (ITS) and Societe Generale de Surveillance (SGS) yesterday released the country’s CPO...
CPO Futures : Narrow-Range Trading Likely
OBSERVATIONS: The currency factor provided the main push behind price fillips in world commodity markets overall last week, including the Kuala Lumpur CPO futures market. The actively-traded September 2010 contract, on a third forward month basis, fluctuated within a narrow RM2,367-RM2,420 a tonne, ...
