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The Crude Palm Oil Futures Closing: Monday, June 25, 2007
(Prices are in RM/tonne)
| MONTH | OPENShare The Story :        
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| Long-term: Consolidation modeShort-term: Bearish. Short-term support level between RM2,300 and RM2,320Momentum index: +10 Relative strength index: 43Observations: It looks very likely that this market will fall in early this week to test the RM2,300-RM2,320 short-term support level.Thatæ¯ because, after a failed attempt at a technical rally in early trade last week, this market is back on the downtrack.This market made what looked like a promising start last week, surging last Monday up to an intra-week high of RM2,500, basis the September 2007 contract. But after that it was downhill all the way. The actively traded September 2007 contract settled last Friday at RM2,380 a ton, down RM23 or 0.96 per cent over the week.
Technical factors aside, the overwhelming amount of negative news will almost certainly weigh down on… Share The Story :
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ARANEE JAIIMSIN
Chumporn Palm Oil Industry Plc (CPI),
CPI aims to produce 190,000 tonnes of crude palm oil, or 19% of
25 June 2007
Edris Kisambira
Kamapala
The
So far, some 4,000 hectares of land have been planted with the crop, whose yield is expected in another three years, while government’s attempts at finding the extra 6,000 hectares of land are proving too slow and difficult.
Bidco
| by Yeow Pooi Ling |
| Petaling Jaya |
| BLD Plantation Bhd?s earnings prospects remain rosy with the buoyant crude palm oil (CPO) prices that are seen to be sustainable in the next couple of years.The stock?s valuations are compelling. Based on Standard & Poor?s (S&P) earnings per share (EPS) estimate of 44.9 sen for…
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| Tradewinds (M) Bhd expects crude palm oil (CPO) to be the major contributor to group profits this year, overtaking its core sugar refining business.Chairman Tan Sri Zainol Abidin Abd Rashid said Tradewinds? plantations, which were largely operated by its 70% subsidiary Tradewinds Plantation Bhd, expected to achieve a higher average CPO price of RM2,000 per tonne…
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| Commodity Roundup: Active buying of CPO futures |
| CPO FUTURES Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives Bhd closed higher yesterday on active buying amid concern of slipping export for the first 20 days of June, a dealer said.”Most of the players are now concerned over slower demand in the near future as most of the importing countries are waiting for prices to drop before committing to purchases,” he said.”But, I think demand for Malaysia’s CPO and… Share The Story :
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The Crude Palm Oil Futures Closing: Friday, June 22, 2007
(Prices are in RM/tonne)
| MONTH | OPENShare The Story :
|