Business Times

5 May, 2011

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower yesterday in line with the weak soybean futures at the electronic Chicago Board of Trade, dealers said.

Dealers said the weak overseas market due to higher supply of the commodity and shrinking demand, added bearishness to the market.

May rose RM4 to RM3,410 a tonne, June fell RM3 to RM3,309, July decreased RM6 to RM3,265 and August declined RM2 to RM 3,255.

However, turnover went up to 24,367 lots from 14,358 lots previously, while open interests rose to 105,814 contracts from 105,765 on Tuesday.

On the physical market, May South dwindled RM30 to RM3,380 a tonne.

Bookmark to

Business Times

4 May, 2011

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded yesterday on bullish April export figures, dealers said.

Cargo surveyor Intertek Testing Services data showed the local palm oil exports increased 13.6 per cent to 1,255,392 tonnes in April from a month ago. Another surveyor, Societe Generale de Surveillance reported a 18.2 per cent increase in April exports.

May rose RM36 to RM3,406, June added RM12 to RM3,312, while July and August gained RM1 each to RM 3,271 and RM3,257.

Turnover fell to 14,358 lots from 24,567 lots last Friday.

On the physical market, May South shed RM30 to RM3,410.

Bookmark to

Business Times

29 April, 2011

CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower yesterday following the downtrend on the Dalian Commmodity Exchange and profit-taking activities, dealers said.

Another dealer said many traders were still concerned over rising domestic supply due to better weather conditions and sluggish demand from buyers.

May and June fell RM21 each to RM3,370 per tonne and RM3,300 per tonne respectively, July shed RM23 to RM 3,270 per tonne while August decreased RM24 to RM3,256 per tonne.

On the physical market, May South fell RM20 to RM3,380 per tonne.

Bookmark to

Business Times

29 April, 2011

CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives rebounded to close higher yesterday in line with the uptrend on the Dalian Commodity Exchange, a dealer said.

Meanwhile, Interband Group of Companies senior palm oil trader Jim Teh said although the volume was lower, the prices had increased as the market was influenced by the speculators’ speculative playing.

The CPO May contract was up RM21 to RM3,391 per tonne, June and July rose RM16 each to RM3,321 and RM3,293 per tonne respectively, while August was up RM17 to RM3,280 per tonne.

Turnover dwindled to 16,873 lots from 18,734 lots on Wednesday while open interest was down to 106,039 contracts from 107,114 contracts previously.

On the physical market, May South rose RM15 to RM3,400 per tonne.

Bookmark to

Business Times,

28 April, 2011

CRUDE palm oil futures contracts on Bursa Malaysia Derivatives ended lower yesterday on continued profit-taking by speculators and lower demand.

Interband Group of Companies senior palm oil trader Jim Teh said speculators tried to push the price below RM3,000 a tonne amid rising CPO production.

Due to the strengthening ringgit, foreign buyers might find importing palm oil less attractive, he added.

Another dealer said the market closed lower due to technical selling following the downtrend on the Dalian Commodity Exchange.

May contract fell RM17 to RM3,370 a tonne, June down RM50 to RM3,305 a tonne, July shed RM53 to RM3,277 a tonne and August fell RM57 to RM3,263 a tonne.

Bookmark to

Business Times,

27 April, 2011

CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed easier yesterday on further profit-taking by speculators and lower crude oil prices.

May and June contracts fell RM25 each to RM3,387 per tonne and RM3,355 per tonne respectively while July shed RM30 to RM3,330 per tonne and August fell RM31 to RM3,320 per tonne.

Turnover rose to 19,588 lots from 12,891 lots on Monday while open interest increased to 106,265 contracts from 105,998 contracts previously.

On the physical market, May South stood unchanged at RM3,420 per tonne.

Bookmark to

Business Times

26 April, 2011

CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower yesterday prompted by profit-taking activities and weaker export data released by two cargo surveyors, a dealer said.

May ended RM7 higher at RM3,412 per tonne, June shed RM6 to RM3,380 per tonne while July and August fell RM10 each to RM3,360 per tonne and RM3,351 per tonne, respectively

Turnover fell to 12,891 lots, from 19,959 lots recorded last Friday while open interest was lower at 105,998 contracts, from 107,100 contracts previously. On the physical market, May South rose RM10 to RM3,420 per tonne.

Bookmark to

Business Times

25 April, 2011

CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday supported by gains in soyaoil and crude oil prices, dealers said.

May 2011 rose RM45 to RM3,405 a tonne, June 2011 and August 2011 increased RM51 each to RM3,386 a tonne and RM3,361 a tonne respectively, and July 2011 gained RM58 to RM3,370 a tonne.

Turnover declined to 19,959 lots from 20,020 lots on Thursday while open interests increased to 107,100 contracts from 105,758 contracts previously.

On the physical market, May South increased to RM3,410 a tonne from RM3,370 a tonne yesterday.

Bookmark to