Business Times

Friday - September 28, 2007

CPO FUTURES

Crude palm oil futures prices on Bursa Malaysia Derivatives Bhd ended mostly lower for the third day in a row on profit-taking following Monday’s strong gains, said dealers yesterday.

It had closed to its near four month high on that day.

However, dealers said general sentiment remained strong amid higher rival soyaoil prices where both commodities are competing for the same market.

Spot month Oct གྷ rose RM6 to settle at RM2,646 per tonne, Nov གྷ shed RM3 to RM2,615, Dec གྷ slipped RM7 to RM2,605 and Jan ང fell RM7 to RM2,598 per tonne.

At close, overall volume stood at 15,469 lots, up from Wednesday 9,212 lots, while open interest fell to 48,154 contracts versus 49,322 contracts previously.

On the physical market, September South rose to RM2,685 per tonnes from Wednesday RM2,670 per tonnes.

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Cameroon Tribune (Yaoundé)

26 September 2007

Lukong Pius Nyuylime

The regional project, “Improving the Income Generating Potential of the Oil Palm in Cameroon and Nigeria entered an important phase yesterday with stakeholders in the oil palm sector working out a modality for selecting areas that will host four oil palm processing units in Cameroon.

The project built against the backdrop of outdated local processing methods and skills, is expected to empower small holders in the oil palm sector so that they can control at least 85 % of the palm oil market within the Central and West African sub regions and beyond. This, according to the project Coordinator, Chief Mbi Oruh who doubles as Technical Adviser number II in the Ministry of Industries, Mines and Technological Development, can only pass through industrialisation. “To have 100 hectares of plantation and don’t know how…

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BURSA MALAYSIA DERIVATIVES BHD
Thursday, September 27, 2007
Source from The Star

The Crude Palm Oil Futures Closing: Wednesday, September 26 2007

(Prices are in RM/tonne)

MONTH	OPEN	HIGH	LOW	SETT	Vol	O.P
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Business Times

Thursday - September 27, 2007

Commodity Roundup: CPO futures lower on profit-taking

CPO FUTURES

Crude palm oil futures prices on Bursa Malaysia Derivatives Bhd closed easier for the consecutive day yesterday on profit-taking following the recent solid gains, said dealers.

It had closed to its near four month high on Monday.

The dealers said the fall was also in line with the weak soyaoil performance, which hit its two-week low.

However, dealers said general sentiment remained strong, spurred by higher export numbers for the first 25 days of September, up by about 13 percent over the same period last month.

Spot month Oct 2007 eased RM41 to settle at RM2,640 per tonne, Nov 2007 shed RM50 to RM2,618, Dec 2007 slipped RM43 to RM2,612 and Jan ང fell RM40 to RM2,605 per tonne.

At close, overall volume stood at 9,212 lots, up from yesterday’s 8,691 lots, while…

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BURSA MALAYSIA DERIVATIVES BHD
Wednesday, September 26, 2007
Source from The Star

The Crude Palm Oil Futures Closing: Tuesday, September 25 2007

(Prices are in RM/tonne)

MONTH	OPEN	HIGH	LOW	SETT	Vol	O.P
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Business Times

Wednesday - September 26, 2007

CPO FUTURES

Crude palm oil futures prices on Bursa Malaysia Derivatives Bhd ended lower yesterday on profit-taking following Monday’s strong gains, said dealers.

On Monday, the futures market closed to its near four month high.

However, dealers said general sentiment yesterday was strong on higher export numbers for the first 25 days of September, up by about 13 per cent, compared to the same period last month.

Spot month Oct 2007 eased RM4 to settle at RM2,681 per tonne, Nov 2007 shed RM12 to RM2,668, Dec 2007 slipped RM20 to RM2,655 and Jan 2008 fell RM25 to RM2,645 per tonne.

At close, overall volume stood at 8,691 lots, down from Monday’s 14,667 lots, while open interest fell to 49,674 contracts versus 50,168 contracts previously.

On the physical market, September South was flat at RM2,710 per tonne.

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Business Times

Wednesday - September 26, 2007

Indonesia will produce 18.4 million tonnes of palm oil in 2008, which will help it export more, says a leading trade official

Indonesia is expected to export 14 million tonnes of palm oil in 2008, up from this year’s estimated 13 million tonnes, and record a further rise in overall output, a leading trade official said.

Forecast to overtake neighbour Malaysia as the world’s top palm oil producer in 2007 with an estimated 17 million tonnes, Indonesian output will rise again next year, said Derom Bangun, chairman of the Indonesian Palm Oil Association.

“We will produce 18.4 million tonnes of palm oil in 2008, which will help us export more,” Bangun said on the sidelines of an edible oils conference in India during the weekend.

Malaysia’s palm…

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