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CPO December contract closes lower at RM3,448
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today, in line with the weaker soybean oil prices on the US Chicago Board of Trade (CBOT).
CPO futures close higher at RM3,518
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rebounded from last Friday's losses to end higher today, tracking gains in soybean oil on the Chicago Board of Trade and concerns over tighter supply due to the wet weather, said a dealer.
CPO futures touch eight-year high
PETALING JAYA: Crude palm oil (CPO) futures on Bursa Derivatives Exchange rallied to an eight-year high at RM3,420 per tonne on Thursday before closing lower at RM3,344 per tonne.
Crude palm oil for 3M futures up RM56 to RM3,420 per tonne
KUALA LUMPUR: Crude palm oil (CPO) for third month futures rose by RM56 to RM3,420 per tonne at midday on Thursday, the highest since March 2012.
CPO futures likely to trade low in coming week
KUALA LUMPUR, Nov 7 (Bernama): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on technical correction after touching an eight-year high on festive demand.
Slowing global CPO production
However, consumption is likely to increase by 1.6 million tonnes
Plantations top losers though CPO holds steady
KUALA LUMPUR: Plantations fell in Friday afternoon trade, with PPB Group, KL Kepong and IOI Corp among the top losers though crud epalm oil (CPO) for third month delivery held steady.
Palm oil heads for weekly gain on supply worry, ringgit fall
KUALA LUMPUR: Palm oil headed for a second week of gains on supply concerns and as a weaker Malaysian currency made it cheaper for overseas buyers.
