News
CPO Futures Technically Still a Bear Market
OBSERVATIONS: Short-covering saved the Kuala Lumpur CPO futures market from falling through the RM2,470 a tonne short-term support level, the lower rung of this market’s RM2,470-RM2,595 trading range. Aggressive short-covering was discernable from the notable decline in the total open position...
CPO Futures to See Rangebound Trading
Crude palm oil (CPO) futures contract on the Malaysia Derivatives Exchange is likely to see rangebound trading next week. Although the market firmed this week on higher crude oil and soyoil prices, the movement of prices next week would depend on improvements in the Greek sovereign debt crisis and a...
CPO Futures End Firmer on Short Covering
CRUDE palm oil futures on Bursa Malaysia Derivatives ended mostly firmer yesterday aided by short covering activities ahead of the weekend, said dealers. They said the market was supported by firm soyaoil and crude oil prices which hovered above US$86 a barrel. However, they said lower export figure...
Malaysia Palm Exports Fall 12.4 Percent : ITS
Exports of Malaysian palm oil products for April fell 12.4 per cent to 1,185,427 tonnes from 1,353,207 tonnes shipped in March, cargo surveyor Intertek Testing Services said today.– Reuters
CPO Futures Lower In Line with US, China Soyoil
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives extended its losses to three consecutive days yesterday, in line with the downtrend on the US and China soyaoil markets, said dealers. They said the lower performance of the CPO futures was despite, crude oil prices firming above US$83 a bar...
Facility to Trap and Destroy Methane Gas is 60 Percent Completed
SARAWAK’S first Biogas Clean Development Mechanism (CDM) project using the closed continuous stirred-tank reactor (CSTR) anaerobic system is 60% completed and expected to be operational within three months. The CDM project was successfully registered with the United Nations Framework Convention for ...
