News
CPO Futures Expected to be Rangebound
Trading on the crude palm oil (CPO) futures market on Bursa Malaysia Derivatives is likely to be rangebound next week given the mixed sentiment towards the Euro-zone crisis and production outlook, said a dealer. “As much as there are signs of recovery, some investors remain sceptical on the ou...
Palm Futures Rise as Rainy Season May Dampened Output
PRICES on the crude palm oil futures contract market ended higher on Bursa Malaysia Derivatives yesterday as traders expected a rainy season to dampen productivity, dealers said. At close, the July 2010 contract added RM13 to RM2,477 per tonne, August 2010 jumped RM15 to RM2,435 per tonne. September...
Palm Output May Recover in 2011 : OSK
Palm oil production in Indonesia and Malaysia may increase next year as the La Nina weather pattern, which brings wetter-than-usual weather, boosts productivity, potentially hurting prices, according to OSK Investment Bank Bhd. “Periods of increased rainfall are generally positive for fruit producti...
Palm Futures Retreat on Weaker Export Data
PRICES on the crude palm oil futures contract market ended lower on Bursa Malaysia Derivatives yesterday as traders turned cautious due to weaker export data, dealers said. Yesterday, cargo surveyor Societe Generale de Surveillance announced that palm oil exports for the first 15 days of June fell t...
Palm Futures Lower on Renewed Eurozone Debt Fear
PRICES on the crude palm oil futures contract market ended lower on Bursa Malaysia Derivatives yesterday amid renewed concern over the eurozone debt crisis, dealers said. The June 2010 contract dropped RM1 to RM2,548 per tonne while July 2010 fell RM16 to RM2,439 per tonne, August 2010 went down RM1...
Palm Futures Gain as Soyoil Attracts Strong Demand
PRICES on the crude palm oil futures contract market ended higher on Bursa Malaysia Derivatives yesterday on reports of bullish demand of soyoil from China, dealers said. The June 2010 and July 2010 contracts gained RM25 each to settle at RM2,549 per tonne and RM2,455 per tonne respectively. August ...
