Our Eyes Into The Future
CPO FUTURES
CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended mostly higher yesterday amid a thin trade, dealers said.
They said players were still cautious over high palm oil output although other vegetable markets like wheat and corns extended gains on the back of steady crude oil price.
“There were some profit taking today with focus [...]
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CPO FUTURES
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on a technical rebound after posting three consecutive days of losses.
Dealers said that the CPO futures market gained some momentum on expectations of strong export figures for the month of October. The two cargo surveyors, Societe Generale de Surveillance and Intertek [...]
CPO FUTURES
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday, tracking the downtrend of other commodities globally, dealers said.
They also attributed the downtrend to market concerns over growing stockpiles during the month as stocks were expected to increase by 15 per cent from 1.5 million tonnes.
The strengthening of the US dollar [...]
CPO FUTURES
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday with market players a bit cautious amid a bullish export data released yesterday, dealers said.
They said trading was thin as the export data failed to ease concerns about growing stockpiles during the month.
Intertek Testing Services said export for Oct 1-25 rose [...]