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High commodity prices boost Bursa activity

In times of volatility, the increased trading in FCPO shows continued confidence from the palm oil industry as well as the global trading community in FCPO as an effective risk management tool. HIGH commodity prices have boosted the trading of crude palm oil futures (FCPO) on Bursa Malaysia although...

Are days of ‘super-high’ CPO prices gone?

PETALING JAYA: Commodity prices that stoked inflation are falling fast and this includes crude palm oil (CPO), which saw prices tumble by almost a quarter in less than a month. On June 22, Malaysia’s daily average CPO price fell to the lowest level this year at RM5,046 per tonne, about RM3,000 lower...

Palm oil sinks further into bear market as more losses expected

(June 20): Palm oil fell deeper into bear market territory on concern that surging Indonesian exports will challenge cargoes from Malaysia, with the most active contract sliding below RM5,000 for the first time since January.  Futures for September delivery lost as much as 9.1% to RM4,958 (US$1...

CPO futures forecast to trade with downside bias next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is forecast to trade with a downside bias as the market continues to be plagued with expectations of higher output next week. Palm oil trader David Ng said the outlook is expected to be bearish following the higher...

India’s May palm oil imports surge to 7-month high despite Indonesia’s ban-dealers

MUMBAI, June 6 (Reuters) – India’s palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said....

CPO futures end higher for second consecutive day

KUALA LUMPUR (June 1): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on Wednesday as sentiment over stronger exports continues to lift the market, said a dealer. Palm oil trader David Ng said the expected weaker production in the ...

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