Trending News: Six New Fire Stations To Improve Response Time In Six LocationsFloods: 468 Evacuees Still Seeking Shelter At Relief CentresEBC Financial Group Expands Partnership with DiNapoli’s Leading Indicators, Revealing Key Strategies for Navigating Black Swan EventsCPO Futures Close Higher On Expectation Of Weaker Production35 New Projects For Construction Of Additional PPKI Buildings Nationwide Next YearGold Futures Close Marginally LowerCooperative Board Member On Remand For Power AbuseNicol David Appointed As ITA’s Education AmbassadorNational Fraud Portal Cuts Fund-tracing Time To 30 Minutes, Boosts Frozen FundsSupplementary Electoral Roll For September 2024 Open For Review – ECQuantexa Recognized as Category Leader in the RiskTech Quadrant® for KYC SolutionsMMEA Vessel KM Sebatik Back In Service After RefitAudit Important To Ensure Accuracy Of Financial Reports, Compliance With Tax Laws – IRBAnwar Hails Achievement Of ‘Magnificent Seven’ In Olympics, ParalympicsGovt Drafting Plan To Recover 420,000 Hectares Of Abandoned Rubber LandEnergy Storage Key To Solar Power Integration — CitaglobalAppeals Court Reserves Decision On Bribery Appeals By Former Ministry Sec-Gen And SonRinggit Ends Lower Vs US Dollar As External Factors Weigh1,236 Terengganu Police Officers, Personnel On Standby For FloodsPM Anwar And JBIC Discuss Green Energy, Digitalisation Industry InvestmentsBlack and Veatch Serves As Owner’s Engineer For Combined Cycle Power Plant In SarawakFBM KLCI Futures Ends Mostly LowerThree Policemen Charged With Accepting RM3,000 BribePenang FC To Make Final Drastic Decision Soon4.4 Mln Vehicles From S’pore Paid Almost rm88 Mln To Enter Johor In Nine Months – LokeBursa Malaysia’s Early Gains Erode As Investors Lock In ProfitsDiesel Subsidy Claims Down By 51.6 Pct In August Vs May — Economy MinistryPerform Cost-Benefit Analysis For Targeted Subsidies – RafidahAs ASEAN Chair In 2025, Malaysia Should Prioritise People-centric Measures, Intra-ASEAN Trade – ExpertsKodansha’s App K MANGA Branches Into Canada, Australia, New Zealand, SingaporeMalaysia Exports Palm-Based Oleochemicals Worth RM2.82 Bln To China In 2023 – JohariKPK Approves 3,599-hectare Land For Oil Palm Replanting Under TSPKS 2.0 As Of OctoberJBIC Commits To Enhancing Japanese Investments In Malaysia – PM AnwarGamuda Secures RM4.3 Bln Turnkey Contract For Xizhi Donghu MRT Project In TaiwanAugment Threat Models With AI-assistant Jeff – IriusRiskBudget 2025 To Balance Between Fostering Economic Growth And Strengthening Currency- RHBAMJohor Plantations Group Aims To Boost CPO Production By 30 PctBudget 2025: Increase In KDN Allocation Empowers Enforcement AgenciesFlood: Perak, Selangor See Drop In Evacuees, New PPS Open In Sarawak, KLCopilotIQ and Biofourmis Merge to Create the First End-to-End Platform for AI-Driven In-Home CarePERKESO-Specific Initiatives Reflect Government’s Wish To Create Inclusive, Sustainable EconomyInvesting In Children Not Merely Moral Obligation But Economic Necessity – Abang JoElectrician Pleads Not Guilty To Mischief, Causing Hurt To ManMCMC Begins Public Consultation On Draft COC For Social Media PlatformsHome Ministry To Prioritise Upgrading Police Stations, IPDs – Saifuddin NasutionBursa Malaysia Marginally Lower At Midday In Cautious TradingSUKMA 2024: ADAMAS Declares Sarawak SUKMA As Doping-free GamesSenior Citizen Charged With Cheating Businessman Friend Of RM500,000 In Investment RepaymentForest Reserve, Eco Rimba Park Activities In Pahang Temporarily SuspendedKPT, PTPTN Collaborating With Madani Monitoring Unit To Study New PTPTN Financing ModelFour Men Arrested In Connection With Murder In BidorTerengganu Cops Seized RM3.6 Mln Worth Of Drugs This YearACLE 2024/25: JDT Suffer First Defeat, 1-3 Against GwangjuFree To Organise Assembly, But Comply With Stipulated Rules – Shamsul AnuarCrimes In Ipoh Under Control – Perak Deputy Police ChiefKPKT Reaches 89 Pct Of 500,000 Affordable Homes Target As Of SeptemberSDEC,CENTEXS And Angkasa-X To Collaborate On Space-related IndustryTeo Distributes Murukku To BERNAMA Staff For Deepavali‘Fathers And Their Wisdom’ Book Launch: Rafidah Aziz Calls For Greater Appreciation Of ParentsBudget 2025: A Strategic Investment Proposition to Propel Malaysia ForwardGovt Should Clarify Mandatory Foreign Worker EPF Contribution Proposal – MPNew Committee Formed To Rationalise Federal Statutory Bodies And GLCs- AnwarJohor Police Bust House Break-in Gang Led By 34-year-old WomanCops Nab Eight For Pakistani Man’s Murder, Hunt On For Main SuspectKey Suspect In Pakistani Man’s Murder Arrested41 Palestinians Brought To M’sia Received Necessary TreatmentBursa Malaysia Ends Easier As Consolidation Phase ContinuesBudget 2025: RTB Projects Accelerate Flood Mitigation For Well-being Of PeopleThird-Formers At SMK Guar Nangka Build Sugarcane Waste-Powered BatteryApproach To Addressing Hardcore Poverty Covers All Races – PM AnwarYayasan Petronas Channels Deepavali Aid To Over 1,000 FamiliesCollection Of Used Cooking Oil Generates Income, Help CommunityDog In Mall: Suspect Dissatisfied With Lack Of Service At Goldsmith Shop – CopsCops Probe Altercation Allegedly Involving Kedah MB AideQuantexa Earns Recognition In Chartis RiskTech Quadrant For KYC SolutionsAnwar: EXIM Bank, SME Bank, BPMB Merger Still OngoingMain Market-bound Life Water Eyes Sarawak, Brunei Markets With RM63.42 Mln IPORafizi To Present On Key Issues Affecting Global South In BRICS SummitBudget 2025 Measures Show Strong Support For Semiconductor Sector – Tengku ZafrulGreat Eastern Takaful Named Best Takaful Solution Provider 2024, Wins ESG Initiative AwardSustainability Plan To Boost Malaysia’s Data Centre Growth – BMIExim Bank To Enhance Role In NIMP 2030, Boost Financing For Malaysian MSMESKolmar BNH Strives For Global Expansions Building On Hemohim’s RecognitionBAM Confirm Rosman’s Return As Women’s Doubles Head Coach50 Pct Of Athlete Safety-Related Cases Settled – HannahShuttler Qi Xuan Appeals For Financial Aid For Knee OpSRAM Hopes For Additional Funds In Preparing For 2028 Los Angeles OlympicsAbigail Proves Women Can Be Pretty Good In Arm WrestlingSabah Election: BN-PH Alliance Seeks To Lift Sabah Out Of UnderdevelopmentKelantan KPDN Disposes of Case Items Worth RM607,000Myanmar Man Falls To Death At Construction SiteBudget 2025: RM900 Mln Affordable Housing Allocation To Impact First-time Homebuyers — PropertyGuruPart 1: Dreams Grounded: Malaysian Aviation Trainees Left In Financial Ruin By Aviation CompanyRMAF Denies Sound Of Explosion, Tremors Felt In Ipoh Caused By Sonic BoomGM Klang To Strengthen Presence In Sabah At Big Sabah Sale 2024Number Of Flood Evacuees Drops In Selangor, PerakPearson Unveils Generative AI Foundations CertificationGiant Manga Publisher Kodansha Launches Official App “K MANGA” In Canada, Australia, New Zealand, And SingaporeUplifting The Legacy Of The Kebaya: A Tradition At Risk Of FadingRecruitment For AKP Positions Rises To 92 Pct To Relieve Teachers Of Clerical Duties
Wed. Oct 23rd, 2024
Trending News: Six New Fire Stations To Improve Response Time In Six LocationsFloods: 468 Evacuees Still Seeking Shelter At Relief CentresEBC Financial Group Expands Partnership with DiNapoli’s Leading Indicators, Revealing Key Strategies for Navigating Black Swan EventsCPO Futures Close Higher On Expectation Of Weaker Production35 New Projects For Construction Of Additional PPKI Buildings Nationwide Next YearGold Futures Close Marginally LowerCooperative Board Member On Remand For Power AbuseNicol David Appointed As ITA’s Education AmbassadorNational Fraud Portal Cuts Fund-tracing Time To 30 Minutes, Boosts Frozen FundsSupplementary Electoral Roll For September 2024 Open For Review – ECQuantexa Recognized as Category Leader in the RiskTech Quadrant® for KYC SolutionsMMEA Vessel KM Sebatik Back In Service After RefitAudit Important To Ensure Accuracy Of Financial Reports, Compliance With Tax Laws – IRBAnwar Hails Achievement Of ‘Magnificent Seven’ In Olympics, ParalympicsGovt Drafting Plan To Recover 420,000 Hectares Of Abandoned Rubber LandEnergy Storage Key To Solar Power Integration — CitaglobalAppeals Court Reserves Decision On Bribery Appeals By Former Ministry Sec-Gen And SonRinggit Ends Lower Vs US Dollar As External Factors Weigh1,236 Terengganu Police Officers, Personnel On Standby For FloodsPM Anwar And JBIC Discuss Green Energy, Digitalisation Industry InvestmentsBlack and Veatch Serves As Owner’s Engineer For Combined Cycle Power Plant In SarawakFBM KLCI Futures Ends Mostly LowerThree Policemen Charged With Accepting RM3,000 BribePenang FC To Make Final Drastic Decision Soon4.4 Mln Vehicles From S’pore Paid Almost rm88 Mln To Enter Johor In Nine Months – LokeBursa Malaysia’s Early Gains Erode As Investors Lock In ProfitsDiesel Subsidy Claims Down By 51.6 Pct In August Vs May — Economy MinistryPerform Cost-Benefit Analysis For Targeted Subsidies – RafidahAs ASEAN Chair In 2025, Malaysia Should Prioritise People-centric Measures, Intra-ASEAN Trade – ExpertsKodansha’s App K MANGA Branches Into Canada, Australia, New Zealand, SingaporeMalaysia Exports Palm-Based Oleochemicals Worth RM2.82 Bln To China In 2023 – JohariKPK Approves 3,599-hectare Land For Oil Palm Replanting Under TSPKS 2.0 As Of OctoberJBIC Commits To Enhancing Japanese Investments In Malaysia – PM AnwarGamuda Secures RM4.3 Bln Turnkey Contract For Xizhi Donghu MRT Project In TaiwanAugment Threat Models With AI-assistant Jeff – IriusRiskBudget 2025 To Balance Between Fostering Economic Growth And Strengthening Currency- RHBAMJohor Plantations Group Aims To Boost CPO Production By 30 PctBudget 2025: Increase In KDN Allocation Empowers Enforcement AgenciesFlood: Perak, Selangor See Drop In Evacuees, New PPS Open In Sarawak, KLCopilotIQ and Biofourmis Merge to Create the First End-to-End Platform for AI-Driven In-Home CarePERKESO-Specific Initiatives Reflect Government’s Wish To Create Inclusive, Sustainable EconomyInvesting In Children Not Merely Moral Obligation But Economic Necessity – Abang JoElectrician Pleads Not Guilty To Mischief, Causing Hurt To ManMCMC Begins Public Consultation On Draft COC For Social Media PlatformsHome Ministry To Prioritise Upgrading Police Stations, IPDs – Saifuddin NasutionBursa Malaysia Marginally Lower At Midday In Cautious TradingSUKMA 2024: ADAMAS Declares Sarawak SUKMA As Doping-free GamesSenior Citizen Charged With Cheating Businessman Friend Of RM500,000 In Investment RepaymentForest Reserve, Eco Rimba Park Activities In Pahang Temporarily SuspendedKPT, PTPTN Collaborating With Madani Monitoring Unit To Study New PTPTN Financing ModelFour Men Arrested In Connection With Murder In BidorTerengganu Cops Seized RM3.6 Mln Worth Of Drugs This YearACLE 2024/25: JDT Suffer First Defeat, 1-3 Against GwangjuFree To Organise Assembly, But Comply With Stipulated Rules – Shamsul AnuarCrimes In Ipoh Under Control – Perak Deputy Police ChiefKPKT Reaches 89 Pct Of 500,000 Affordable Homes Target As Of SeptemberSDEC,CENTEXS And Angkasa-X To Collaborate On Space-related IndustryTeo Distributes Murukku To BERNAMA Staff For Deepavali‘Fathers And Their Wisdom’ Book Launch: Rafidah Aziz Calls For Greater Appreciation Of ParentsBudget 2025: A Strategic Investment Proposition to Propel Malaysia ForwardGovt Should Clarify Mandatory Foreign Worker EPF Contribution Proposal – MPNew Committee Formed To Rationalise Federal Statutory Bodies And GLCs- AnwarJohor Police Bust House Break-in Gang Led By 34-year-old WomanCops Nab Eight For Pakistani Man’s Murder, Hunt On For Main SuspectKey Suspect In Pakistani Man’s Murder Arrested41 Palestinians Brought To M’sia Received Necessary TreatmentBursa Malaysia Ends Easier As Consolidation Phase ContinuesBudget 2025: RTB Projects Accelerate Flood Mitigation For Well-being Of PeopleThird-Formers At SMK Guar Nangka Build Sugarcane Waste-Powered BatteryApproach To Addressing Hardcore Poverty Covers All Races – PM AnwarYayasan Petronas Channels Deepavali Aid To Over 1,000 FamiliesCollection Of Used Cooking Oil Generates Income, Help CommunityDog In Mall: Suspect Dissatisfied With Lack Of Service At Goldsmith Shop – CopsCops Probe Altercation Allegedly Involving Kedah MB AideQuantexa Earns Recognition In Chartis RiskTech Quadrant For KYC SolutionsAnwar: EXIM Bank, SME Bank, BPMB Merger Still OngoingMain Market-bound Life Water Eyes Sarawak, Brunei Markets With RM63.42 Mln IPORafizi To Present On Key Issues Affecting Global South In BRICS SummitBudget 2025 Measures Show Strong Support For Semiconductor Sector – Tengku ZafrulGreat Eastern Takaful Named Best Takaful Solution Provider 2024, Wins ESG Initiative AwardSustainability Plan To Boost Malaysia’s Data Centre Growth – BMIExim Bank To Enhance Role In NIMP 2030, Boost Financing For Malaysian MSMESKolmar BNH Strives For Global Expansions Building On Hemohim’s RecognitionBAM Confirm Rosman’s Return As Women’s Doubles Head Coach50 Pct Of Athlete Safety-Related Cases Settled – HannahShuttler Qi Xuan Appeals For Financial Aid For Knee OpSRAM Hopes For Additional Funds In Preparing For 2028 Los Angeles OlympicsAbigail Proves Women Can Be Pretty Good In Arm WrestlingSabah Election: BN-PH Alliance Seeks To Lift Sabah Out Of UnderdevelopmentKelantan KPDN Disposes of Case Items Worth RM607,000Myanmar Man Falls To Death At Construction SiteBudget 2025: RM900 Mln Affordable Housing Allocation To Impact First-time Homebuyers — PropertyGuruPart 1: Dreams Grounded: Malaysian Aviation Trainees Left In Financial Ruin By Aviation CompanyRMAF Denies Sound Of Explosion, Tremors Felt In Ipoh Caused By Sonic BoomGM Klang To Strengthen Presence In Sabah At Big Sabah Sale 2024Number Of Flood Evacuees Drops In Selangor, PerakPearson Unveils Generative AI Foundations CertificationGiant Manga Publisher Kodansha Launches Official App “K MANGA” In Canada, Australia, New Zealand, And SingaporeUplifting The Legacy Of The Kebaya: A Tradition At Risk Of FadingRecruitment For AKP Positions Rises To 92 Pct To Relieve Teachers Of Clerical Duties
Wed. Oct 23rd, 2024

CPO Futures Close Higher On Expectation Of Weaker Production


KUALA LUMPUR, Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Tuesday due to expectation of weaker production in the coming weeks, a trader said.

Palm oil trader David Ng said the prospects of weaker production and stronger demand had led to an overall expectation of a lower stock level.

‘Indonesia’s stronger exports and reduced stock levels further boosted market sentiment.

‘We see prices well supported above RM4,350 a tonne and resistance at RM4,480 a tonne,’ he told Bernama.

At today’s close, the spot month November 2024 contract gained RM84 to RM4,450 per tonne, December 2024 climbed RM89 to RM4,411, and January 2025 added RM87 to RM4,386.

The February 2025 note rose by RM86 to RM4,345 per tonne, March 2025 surged by RM77 to RM4,299, and April 2025 added RM71 to RM4,250.

Trading volume increased to 75,113 lots from 54,971 on Monday, while open interest decreased to 254,456 contracts from 255,657 previously.

The physical CPO price for October South was higher at RM4,490 p
er tonne.

Source: BERNAMA News Agency

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