News
CPO Mart Could See Mild Consolidation
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to consolidate next week after hitting a three-and-a-half-week low this week on weak fundamentals. “The CPO market is currently volatile and perhaps it could see some mild consolidation next week,” Interband Group Seni...
CPO Futures Near 3-Week Low
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives were weak yesterday, hitting an almost three-week low on lack of demand amid a stronger ringgit, dealers said. The drop in the CPO futures was in line with the fall in the soyabean futures market. May 2010 and June 2010 declined RM35 each to...
CPO Futures Stage Technical Rebound
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives staged a technical rebound yesterday. The market which had fallen to almost a three-week low yesterday, recovered on concern over supply shortage, dealers said. “Sentiment was generally positive amid strong exports and low stock level,...
CPO Futures End Lower on Profit-Taking
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower yesterday on profit taking as well as a weaker rival soyabean futures market, dealers said. “There was not much news in the market today. Overall sentiment was weak and prices fell as players took cue from the decline in ot...
CPO Futures End Up Amid Favourable Export Data
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives rose almost 0.8 per cent yesterday amid favourable palm oil export numbers for the first 10 days of May, dealers said. At the close, the May 2010 contract went up RM17 to settle at RM2,575 per tonne while the June 2010 contract advanced RM16...
EU Biofuel Directive Discriminatory
A NEW European research report has claimed that the European Union’s (EU) Renewable Energy Directive (RED) discriminates against non-EU producers of biofuels such as palm oil. Dr Gernot Pehnelt, director of the independent research institute GlobEcon, did the study with Christoph Vietze. The s...
