23 April, 2014
CPO Futures Boost on Weak Ringgit
KUALA LUMPUR: Crude palm oil futures (CPO) contracts on Bursa Malaysia Derivatives traded higher due to a weakening ringgit against the US dollar. "This has helped boost CPO futures prices," he said. On the technical charts, July CPO contract is expected to rise further towards the RM2,710 level. A move above that level would resume the trend towards the RM2,745-RM2,795 level.
22 April, 2014
Palm Futures Close Stronger
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on anticipation seasonal demand. The country's exports were higher between April 1 and 15 and the sudden drop in numbers for April 1 and 20 has negatively hit market sentiment, said Phillip Futures Sdn Bhd's product specialist, David Ng
22 April, 2014
How the Felda scheme changed the lives of thousands of settlers
21 April, 2014
Crude Palm Oil Weekly Report April 20, 2014
Malaysian palm oil futures settled 0.7 per cent higher for the week as market traded thinly on Friday due to expectations of a recovery in food and fuel demand for the tropical oil. However, investors booked profits from big gains earlier in the week because of weakness in overseas soy markets and a dragging firm ringgit. Crude palm oil futures (FCPO) settled at 2,634 which was up 19 points from 2,615 last Friday.
18 April, 2014
Palm Oil Down on Profit-taking
KUALA LUMPUR: The crude palm oil futures contract on Bursa Malaysia Derivatives closed lower yesterday on profit-taking after the recent rally. A trader said the downside was somewhat capped due to positive sentiment still persisting as players expect export demand for palm oil to improve. Chartwise, the RM2,635-level remains as the immediate support.
17 April, 2014
CPO Futures Extend Rally for 3rd Consecutive Day
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives extended their rally for the third consecutive day yesterday on the back of improved export demand. A trader at Phillip Futures said a sustained move above RM2,710 for July 2014 contract would extend the rally towards RM2,745-RM2,795 levels, while the RM2,635 level would remain as the immediate support.
16 April, 2014
Palm Oil Prices Seen Rising
PETALING JAYA: The prolonged dry weather in the country may result in crude palm oil (CPO) prices spiking by 30% from current levels of above RM2,600 per tonne. Public Invest Research analyst Chong Hoe Leong said that the price spike was a possibility as “any El Nino event usually would take four to five months to confirm.” The dry weather pattern still has not been reflected in the price of CPO, which is seen struggling at current levels.
16 April, 2014
Palm Futures Rise on Export Data
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday, influenced by firm export data, a dealer said. Phillip Futures Sdn Bhd Derivative Product specialist David Ng said the rise was in tandem with gains on the Chicago Board of Trade.
15 April, 2014
CPO Futures End on Firmer Sentiment
KUALA LUMPUR: Crude palm oil (CPO) futures contract Bursa Malaysia Derivatives rebounded from its recent sell down amid firmer sentiment for the commodity. The contract ended higher on the back of stronger fundamentals despite higher inventories. Local research houses were positive over prices in the mid to long term due to sustainable demand seen from the Indonesian biodiesel industry and stable food demand.
14 April, 2014
Call to Commit to Sustainable Palm Oil
KOTA KINABALU: The Malaysian Palm Oil NGO Coalition (MPONGOC) has called on government-linked companies and banks to show their commitment towards developing a sustainable palm oil industry. The coalition said in a statement that all Malaysian banks and government-mandated institutions that invest in growth sectors must play a role in improving social and environmental standards in the palm oil industry.