Trending News: Central localities brace for upcoming stormPROBEST 2.0 2024: Agrobank Provides RM1.69 Mln Fund To Empower Young Agropreneur CommunityPDEA files raps vs. ‘top priority’ drug suspect in Camiguin bust‘Suara Rakyat’ Gathering A Platform To Express National Development Ideas To PMPBBM to inaugurate Mindanao’s longest bridgeAir Selangor Looking Into AI-Driven Solutions To Ensure Safer Water QualityIlocos Norte, Singapore doctors’ surgical mission benefits 18 IlocanosHimpunan Gerakan Rakyat To Commemorate 26 Years Of Reformasi MovementDSWD care facilities catering to all age groups: execVEP RFID Registration: Two Additional Locations In Johor To Open On SundayCCC, German Embassy highlight role of journos on climate reportingGISBH: Police Continue Crackdown, Arrest Several Key IndividualsAntique coops to assist DSWD in financial literacy, payout for 4PsAmendments To Sarawak Labour Ordinance To Be Tabled In Parliament By Year EndBacolod police files raps against violent rallyistsNew Homes Bring Relief, Hope To Labuan’s B40 CommunityMinDA promotes Mindanao investment opportunities at Singapore summitMechamato Teams Up With Farm Fresh To Promote Healthy Lifestyle7 villages to vie for P1-M top prize in MassKara street dance tiltCPO Futures End Higher On Worries Over Tighter Supply Due To Weaker ProductionCops identify suspects in Maguindanao Sur town exec’s murder14 of 36 Tamu Desa Projects In Sabah Completed – EwonFood prices pull down inflation rate in Eastern Visayas in AugustPolice Confirm Identities Of Tourists Killed In Fallen Tree IncidentDSWD project beneficiaries in Bicol get employment aid from DOLECounter Setting: N. Sembilan MACC Arrests Two Enforcement OfficersHouse Quadcom cites Alice Guo in contemptFloods: Over 5,000ha Of Padi Fields In MADA Areas In AffectedDSWD welcomes House bill institutionalizing AKAP programVarsity registration For October Intake Made Easier For B40 Students – MustaphaOmbudsman suspends Antique mayor for abuse of authorityGov’t Plans To Establish New MRSM For Children Of MAF Personnel – DPM ZahidScientists found hidden physics inside Van Gogh’s Starry NightRinggit Hits 28-month High Against USDEU releases P12.4-M aid for Filipino victims of ‘Enteng’FBM KLCI Futures End Higher, Tracking Cash Market’s PerformanceSenate urged not to stall Teen Pregnancy Prevention billPahang Sultan Presents House Keys To 30 Recipients Of Ru’RASA In Bera, BentongFrayna lifts PH to victory over Argentina in Chess Olympiad1.2 Million Residents Around N. Sembilan Benefit From Gunung Telapak Buruk MYTV TransmitterLocal index bounces back; peso appreciates on US Fed rate cutPharmaniaga Launches Malaysia’s First Locally Owned Biopharmaceutical PlantQuality of life of 39% of Filipinos improved in past 12 months: SWSNational History And Unity Convention: Preserving Historical Elements Cornerstone Of Malaysia Madani SocietyEx-CIDG chief Garma received P1M weekly in payola – OsmeñaPublic Universities Should Admit Poor Students, Defer Their Fees – Zambry3 gov’t workers from Iloilo, Antique are PH exemplary employeesKing Arrives In China For Maiden State VisitMMFF to screen 50 classic movies for P50 in select cinemasICA Compliance Awards Partners Exclusively With LRNPBBM turns over PTVs to enhance healthcare access in Region 6Stressed, anxious, excited – CIOs’ state of mind in 2024, according to research from ExpereoPH to join Asia Open Memory Championship in SingaporeGISBH CEO, Wife And Son Of Former Al-Arqam leader Among 19 Individuals Arrested By PolicePUP’s Education-on-Wheels offers blended learning to PDLsBursa Malaysia Ends Morning Session Higher In Line With Regional PeersForeign POGO workers given until Oct. 15 to voluntarily repatriate‘Blooming Flowers and Full Moon’ China-Vietnam Mid-Autumn Festival Gala Debuted in Ho Chi Minh CityNo request from DDB to increase budget for rehab program: DBMImmigration Department To Reform Work Processes Following MACC Chief’s Feedback – DGPDEA: Seized narcotics under Marcos admin near P48-BOver 700 containers of rice remain unclaimed at portsBOC, PPA urged to boost port staff, hasten unloading of rice cargoes7 American pedophiles denied entry to PHQuadcom to hold accountable traitors behind illegal POGOs – BarbersLTO chief orders more frequent, random anti-overloading opsComelec: Plebiscites, special SK polls suspended until Dec. 2025Pangasinan celebrates IPs in museum’s anniversaryRecto, Pangandaman urge Singaporean firms to invest in PHExploring mangrove tour in Ba TriDA seeks more funding for agri investmentsLeptospirosis cases 11% higher from Jan. 1 to Sept. 7Cop, 2 others yield P13.6-M shabu in Zamboanga buy bustPAGCOR holds mall exhibit for 2024 photo contest winning entriesMalaysian PM visits PH booth in Kuala Lumpur halal expoAllies’ grants for add’l assets to boost WPS patrols welcome: NMCDuterte narco-list was used as hit list: ex-Iloilo City mayor1st Asian Mixed Martial Arts Manila Open set Oct. 14-16Transportation at forefront of economic growth – DOTrAnwar Calls For State-Federal Collaboration To Modernise Land AdministrationNograles urges outstanding gov’t workers to continue inspiring othersBursa Malaysia Ends Higher As US Interest Rate Cut Lifts Regional SentimentTourism’s CO2 emission, demand for water, energy up in 2023Gov’t Mulls More funding For Repatriation Of Historical Artifacts – Ahmad ZahidPH, Malaysia navies commit to upholding regional stabilityFlood: Families Evacuated To PPS Eligible To Receive RM1,000 From State Govt – SanusiLTO to offer driver’s license renewal for OFWs in Taiwan19 Individuals Including GISBH CEO And Wife Remanded For A WeekLeyte villagers welcome opening of town’s 1st hospitalFahmi Offers Condolences To Veteran Composer Ooi Eow Jin’s FamilyAUB to integrate nat’l ID eVerify in branch banking servicePrime suspects in Batangas beauty queen’s disappearance nabbedBOC seizes P20-M unmarked fuel in Navotas3 nabbed, P2.5-M shabu seized in Taguig, Parañaque anti-drug opsRinggit Opens Slightly Lower Against US Dollar, Rises Vs Other Major CurrenciesPBBM sees need to give lands to agri grads to attract new-gen farmersPenang Awards RM553,200 In Incentives To SUKMA Medal WinnersDBM OKs P396.374-M fund for PNP’s motor vehiclesNumber Of Flood Victims In Kedah Continues To Rise, Penang, Perlis Record DecreaseProsecutors drop coercion, detention suits vs. Taguig mayor, others
Fri. Sep 20th, 2024
Trending News: Central localities brace for upcoming stormPROBEST 2.0 2024: Agrobank Provides RM1.69 Mln Fund To Empower Young Agropreneur CommunityPDEA files raps vs. ‘top priority’ drug suspect in Camiguin bust‘Suara Rakyat’ Gathering A Platform To Express National Development Ideas To PMPBBM to inaugurate Mindanao’s longest bridgeAir Selangor Looking Into AI-Driven Solutions To Ensure Safer Water QualityIlocos Norte, Singapore doctors’ surgical mission benefits 18 IlocanosHimpunan Gerakan Rakyat To Commemorate 26 Years Of Reformasi MovementDSWD care facilities catering to all age groups: execVEP RFID Registration: Two Additional Locations In Johor To Open On SundayCCC, German Embassy highlight role of journos on climate reportingGISBH: Police Continue Crackdown, Arrest Several Key IndividualsAntique coops to assist DSWD in financial literacy, payout for 4PsAmendments To Sarawak Labour Ordinance To Be Tabled In Parliament By Year EndBacolod police files raps against violent rallyistsNew Homes Bring Relief, Hope To Labuan’s B40 CommunityMinDA promotes Mindanao investment opportunities at Singapore summitMechamato Teams Up With Farm Fresh To Promote Healthy Lifestyle7 villages to vie for P1-M top prize in MassKara street dance tiltCPO Futures End Higher On Worries Over Tighter Supply Due To Weaker ProductionCops identify suspects in Maguindanao Sur town exec’s murder14 of 36 Tamu Desa Projects In Sabah Completed – EwonFood prices pull down inflation rate in Eastern Visayas in AugustPolice Confirm Identities Of Tourists Killed In Fallen Tree IncidentDSWD project beneficiaries in Bicol get employment aid from DOLECounter Setting: N. Sembilan MACC Arrests Two Enforcement OfficersHouse Quadcom cites Alice Guo in contemptFloods: Over 5,000ha Of Padi Fields In MADA Areas In AffectedDSWD welcomes House bill institutionalizing AKAP programVarsity registration For October Intake Made Easier For B40 Students – MustaphaOmbudsman suspends Antique mayor for abuse of authorityGov’t Plans To Establish New MRSM For Children Of MAF Personnel – DPM ZahidScientists found hidden physics inside Van Gogh’s Starry NightRinggit Hits 28-month High Against USDEU releases P12.4-M aid for Filipino victims of ‘Enteng’FBM KLCI Futures End Higher, Tracking Cash Market’s PerformanceSenate urged not to stall Teen Pregnancy Prevention billPahang Sultan Presents House Keys To 30 Recipients Of Ru’RASA In Bera, BentongFrayna lifts PH to victory over Argentina in Chess Olympiad1.2 Million Residents Around N. Sembilan Benefit From Gunung Telapak Buruk MYTV TransmitterLocal index bounces back; peso appreciates on US Fed rate cutPharmaniaga Launches Malaysia’s First Locally Owned Biopharmaceutical PlantQuality of life of 39% of Filipinos improved in past 12 months: SWSNational History And Unity Convention: Preserving Historical Elements Cornerstone Of Malaysia Madani SocietyEx-CIDG chief Garma received P1M weekly in payola – OsmeñaPublic Universities Should Admit Poor Students, Defer Their Fees – Zambry3 gov’t workers from Iloilo, Antique are PH exemplary employeesKing Arrives In China For Maiden State VisitMMFF to screen 50 classic movies for P50 in select cinemasICA Compliance Awards Partners Exclusively With LRNPBBM turns over PTVs to enhance healthcare access in Region 6Stressed, anxious, excited – CIOs’ state of mind in 2024, according to research from ExpereoPH to join Asia Open Memory Championship in SingaporeGISBH CEO, Wife And Son Of Former Al-Arqam leader Among 19 Individuals Arrested By PolicePUP’s Education-on-Wheels offers blended learning to PDLsBursa Malaysia Ends Morning Session Higher In Line With Regional PeersForeign POGO workers given until Oct. 15 to voluntarily repatriate‘Blooming Flowers and Full Moon’ China-Vietnam Mid-Autumn Festival Gala Debuted in Ho Chi Minh CityNo request from DDB to increase budget for rehab program: DBMImmigration Department To Reform Work Processes Following MACC Chief’s Feedback – DGPDEA: Seized narcotics under Marcos admin near P48-BOver 700 containers of rice remain unclaimed at portsBOC, PPA urged to boost port staff, hasten unloading of rice cargoes7 American pedophiles denied entry to PHQuadcom to hold accountable traitors behind illegal POGOs – BarbersLTO chief orders more frequent, random anti-overloading opsComelec: Plebiscites, special SK polls suspended until Dec. 2025Pangasinan celebrates IPs in museum’s anniversaryRecto, Pangandaman urge Singaporean firms to invest in PHExploring mangrove tour in Ba TriDA seeks more funding for agri investmentsLeptospirosis cases 11% higher from Jan. 1 to Sept. 7Cop, 2 others yield P13.6-M shabu in Zamboanga buy bustPAGCOR holds mall exhibit for 2024 photo contest winning entriesMalaysian PM visits PH booth in Kuala Lumpur halal expoAllies’ grants for add’l assets to boost WPS patrols welcome: NMCDuterte narco-list was used as hit list: ex-Iloilo City mayor1st Asian Mixed Martial Arts Manila Open set Oct. 14-16Transportation at forefront of economic growth – DOTrAnwar Calls For State-Federal Collaboration To Modernise Land AdministrationNograles urges outstanding gov’t workers to continue inspiring othersBursa Malaysia Ends Higher As US Interest Rate Cut Lifts Regional SentimentTourism’s CO2 emission, demand for water, energy up in 2023Gov’t Mulls More funding For Repatriation Of Historical Artifacts – Ahmad ZahidPH, Malaysia navies commit to upholding regional stabilityFlood: Families Evacuated To PPS Eligible To Receive RM1,000 From State Govt – SanusiLTO to offer driver’s license renewal for OFWs in Taiwan19 Individuals Including GISBH CEO And Wife Remanded For A WeekLeyte villagers welcome opening of town’s 1st hospitalFahmi Offers Condolences To Veteran Composer Ooi Eow Jin’s FamilyAUB to integrate nat’l ID eVerify in branch banking servicePrime suspects in Batangas beauty queen’s disappearance nabbedBOC seizes P20-M unmarked fuel in Navotas3 nabbed, P2.5-M shabu seized in Taguig, Parañaque anti-drug opsRinggit Opens Slightly Lower Against US Dollar, Rises Vs Other Major CurrenciesPBBM sees need to give lands to agri grads to attract new-gen farmersPenang Awards RM553,200 In Incentives To SUKMA Medal WinnersDBM OKs P396.374-M fund for PNP’s motor vehiclesNumber Of Flood Victims In Kedah Continues To Rise, Penang, Perlis Record DecreaseProsecutors drop coercion, detention suits vs. Taguig mayor, others
Fri. Sep 20th, 2024

CPO Futures End Four-Day Winning Streak To Close Lower On Profit-Taking

KUALA LUMPUR, The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended its four-day winning streak to close lower on Tuesday due to profit-taking, said a dealer.

Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said that with the external market continuing to be strong, profit-taking has diminished the buying momentum.

Palm oil trader David Ng said the weaker soybean and crude oil prices also weighed on market sentiment.

‘We see support at RM3,850 a tonne and resistance at RM4,000 a tonne,’ he told Bernama.

Meanwhile, Hap Seng Consolidated Bhd (HSCB) expects CPO prices to be under pressure, particularly during its high cropping season.

HSCB is a diversified conglomerate with six core businesses namely plantations, property investment and development, credit financing, automotive, fertilisers trading and building materials.

The company said palm oil producers continued to face inflationary pressures and high production costs, it said in a filing with Bursa Malaysia today.

A
t the close, spot month September 2024 decreased RM16 to RM4,005 a tonne, October 2024 slid RM8 to RM3,958 a tonne and November 2024 contract dropped RM1 to RM3,923 a tonne.

The December 2024 contract inched RM6 lower to RM3,900 a tonne, the January 2025 contract fell RM10 to RM3,889 a tonne and the February 2025 contract declined RM14 to RM3,882 a tonne.

Total volume declined to 87,640 lots from Monday’s close of 96,898 lots, while open interest fell to 225,283 contracts from 226,995 contracts previously.

The physical CPO price for September South rose RM10 to RM4,050 per tonne.

Source: BERNAMA News Agency

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