News
CPO Futures Downturn Yet to Hit Bottom
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CPO Futures End Lower, Tracking Regional Markets
CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended lower yesterday amid weaknesses in regional commodity markets, said a dealer. May 2010 and June contract dipped RM10 each to RM2,560 and RM2,536, respectively, July 2010 shed RM7 to RM2,523 and August fell RM2 to RM2,525. Volume dwind...
Malaysia April Palm Stocks Hit 7-Month Lows
Malaysia’s April palm oil stocks likely dropped 4 per cent to seven-month lows as combined overseas and local demand outpaced sluggish output, a Reuters poll showed today. Inventories in the world’s No. 2 palm oil producer fell for the fourth straight month to hit 1.59 million tonnes although the pa...
Palm Oil Trade Curbs Perpetuate Poverty
EUROPE, in reducing palm oil usage in its food supply chain, blames oil palm planting for widespread tropical deforestation and peatland clearance. France’s largest frozen food maker Findus said it is removing palm oil from its products in favour of rapeseed oil. French retailer Casino, too, s...
Palm Futures End Higher, Supported by Rise in Soyoil
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended higher yesterday supported by the rise in the price of its rival, soyabean oil, dealers said. A dealer said the local market was also in over-sold position after the recent losses. “The futures” support price is now ...
CPO Futures Down on Lack of Fresh Leads
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended broadly lower yesterday in line with its rival soyaoil as the market still lacks fresh positive leads, a dealer said. “Traders are looking forward for firm fresh leads and data,” he said, adding that trading is expected to ...
