News
CPO Futures Seen Steadier Next Week
Crude palm oil (CPO) futures prices on the Malaysia Derivatives Exchange are expected to be higher next week on expectation of improving export data for April, dealers said. They said the players expected the export data to exceed 1.4 million tonnes and this would spur buying interest in the CPO fut...
CPO Futures Higher In Line With Soyaoil Gains
CRUDE palm oil futures on the Malaysia Derivatives Exchange closed higheryesterday in line with higher soya oil prices, dealers said.“There were fresh buying in the CPO futures which would help the prices to end the week in positive territory,” a dealer said. May 2010 contract rose RM46 ...
CPO Futures Buoyed by Fresh Buying Interest
CRUDE palm oil futures on the Malaysia Derivatives Exchange closed higher yesterday backed by fresh buying, dealers said. They said the higher overnight soyaoil prices on the Chicago Board of Trade boosted buying sentiment in the CPO futures market. At the close, the May 2010 and July 2010 contracts...
Palm Oil Exports to China Drops in April
Loading of Malaysian palm oil destined for China fell in April 1-20 to the lowest level this year because of weak demand and large domestic stockpiles, the China National Grain and Oils Information Center said. About 173,000 metric tons of the cooking oil were loaded during the period, 27 per cent l...
United Malacca to Increase Fresh Fruit Bunch Output
PLANTATION firm United Malacca Bhd (2593)plans to boost annual fresh fruit bunch (FFB) production by a tenth over the next few years as its young oil palm trees mature. The group, which produces about 280,000 tonnes of FFB a year, also plans to buy more land and continue with its replanting programm...
CPO Futures Dampened by Stronger Ringgit
CRUDE palm oil futures on the Malaysia Derivatives Exchange closed lower yesterday due to a strengthening of the ringgit, dealers said. They said the stronger local currency against the US dollar dampened sentiment, as the commodity became unattractive to both hedge funds and importers. The May 2010...
