NEWS FEED
  • 25 July, 2014
    Palm Futures Prices Rebound
    KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives rebounded yesterday, propped up by a stronger soyabean market. Phillip Futures Sdn Bhd derivative product specialist David Ng said the CPO recovered from Wednesday’s almost a year low in closing on the back of strong gains on the Chicago soyabean market.
  • 24 July, 2014
    CPO Futures Lowest in a Year
    KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed at the lowest level in almost a year, following losses on the Chicago soyabean market, a dealer said. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said buyers remained cautious following the declining prices, coupled with expectations of higher production this month.
  • 23 July, 2014
    CPO Futures Down on Pessimism
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on weak demand amid bearish external sentiment, a dealer said. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said CPO futures ended in the red again as sentiment stayed pessimistic amid narrowing spread between soyabean oil and palm oil.
  • 22 July, 2014
    Palm Futures Slip at Close
    KUALA LUMPUR: Crude palm oil futures prices closed lower yesterday on persistent weakness in Chicago’s soyabean market despite positive numbers from cargo surveyors. Phillip Futures derivative product specialist David Ng said cargo surveyors reported a 10 per cent increase in CPO shipment in the first 20 days of the month.
  • 21 July, 2014
    Palm Oil Internet Seminar (POINTERS) 25 - 31 August 2014
    Palm Oil Internet Seminar or in short POINTERS is a web-based seminar concept where updates on developments in the important oils and fats sector will be brought promptly to the industry circles, clickable on their own Internet access from wherever they are.
  • 21 July, 2014
    Palm Oil Industry Can be an Alternative Source of Energy in Sarawak
    KUCHING: As the palm oil industry in Sarawak continues to be an important contributor to the state’s economic growth, the industry can also be an added source of energy for the state, says Sarawak Oil Palm Plantation Owners Association (Soppoa). The palm industry, which has been robust growth and development over the past years, has been envisaged to cover two million hectares by 2020. Based on the government’s plan, it now covers about 1.2 million hectares throughout the state.
  • 19 July, 2014
    Palm Futures Rebound at Close
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives reversed Thursday’s losses to close higher yesterday, lifted by a weakening of the ringgit, said Phillip Futures Sdn Bhd Derivative Product Specialist David Ng. Spot month August 2014 added RM5 to RM2,386 per tonne. Both September 2014 and October 2014 rose RM16 each to RM2,332 per tonne and RM2,309 per tonne, respectively, while November 2014 increased RM15 to RM2,308 per tonne.
  • 18 July, 2014
    CPO Futures End Mostly Lower
    KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives ended mostly lower yesterday, dampened by weak market sentiment. “On the technical chart, a sustained move above the RM2,330 level will push the price towards the RM2,380-RM2,410 levels,” Phillip Futures Derivative Product Specialist David Ng said.
  • 17 July, 2014
    Palm Futures Firmer on Reverses Sell Down
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives reversed a recent sell down to close firmer yesterday and lifted by positive export data from cargo surveyors, Phillip Futures Sdn Bhd derivative product specialist David Ng said.
  • 16 July, 2014
    CPO Futures Falls to 8-month low
    KUALA LUMPUR: Weak buying interest influenced crude palm oil (CPO) futures prices to close lower yesterday, and tumbling to an eight-month low. Phillip Futures specialist David Ng said the downtrend signified mounting pressure amid a strengthening ringgit and record soyabean supplies which is weighing on the CPO market.