CPO prices rebound on news of China buying soyoil


Shares in IJM Plantations Bhd and Genting Plantations Bhd(pic) rose 13 sen and 12 sen to RM1.60 an RM10.12, respectively.

PETALING JAYA: Prices of crude palm oil (CPO), which touched the lowest level in four years, rebounded following news that China will increase its purchase of US soyoil.

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange was up RM16 to RM1,967 per tonne in intraday trading.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

IJM , Genting , plantations , CPO , prices , rebound , soyoil ,

   

Next In Business News

Trading ideas: Al-'Aqar REIT, Pantech, AirAsia X, Inta Bina, Khee San, Infoline, Heineken, Agricore
Eupe fourth-quarter profit rises 29%
Meta projects higher spending, weaker revenue
Buyout proposal for Anglo American could reshape copper market
A test bed for airline subscription model
Pantech seeks to list steel pipe units
AI memory boom propels SK Hynix’s numbers
Battery stocks’ rally in India likely to extend
Congo accuses Apple of using ‘blood minerals’ from war-torn east
Higher earnings for Pavilion-REIT

Others Also Read