Trending News: MIGHT, Tenmak Exchange MoU On RandD For Industry DevelopmentMotorists Urged To Be Cautious As Several Roads In The Capital Hit By Flash FloodsMedical Officer Loses Over RM113,000 To Fake Online Job ScamBursa Malaysia Opens Mixed But Turns Lower ThereafterKDN To Focus On Resolving Citizenship Status Of Permanent ResidentsKioxia Demonstrates Flexible Data Placement-Enabled SSD Running RocksDB At 2024 OCP Global SummitBernama News In Brief: Oct 16Ringgit Up Vs USD On Trump’s Tariff Hike PlanCPO Futures Rebound To Close Higher Tracking Bullish CBOT Soybean OilGuilin ‘A Feast For The Eyes’ For VisitorsMSPO Certification: A Step Towards Sustainability, Impact And Challenges For SmallholdersDuo Held For Alleged Petrol Smuggling, Air Rifle Possession In Tanah MerahSyndicate Bringing In Foreigners Among Issues In Parliament WednesdayIncrease Allocation In Budget 2025 To Improve Drainage Systems – LeeGraft charges filed vs. Porac mayor, others over raided POGOCops Fire Seven Shots After Suspects Tried to Ram Patrol CarDOH urges parents to join drive in school-based vax program in NorMinPenang Councils On 24-hour Alert As Northeast Monsoon LoomsDolorito leads Lyceum to victory over Perpetual in Shakey’s volleyballQuadcom to trace money trail in Duterte drug warSabah Agrees To Adjust Salary For State Civil Servants In Line With SSPA – HajijiIt’s final: House Appropriations panel slashes OVP budget by P1.3-BMBSP Launches i-SWeeP System To Streamline Cleaning-related ServicesSenate panel OKs DAR’s proposed 2025 budgetSime Darby to Enhance ROE, Plans Strategic Growth for FY2025P92-M road projects to improve access, boost tourism in IloiloMelaka Allocates RM4.64 Mln To Restore Infrastructure Damaged By FloodsDavao City summit to discuss AI, emerging techResidents Cry Foul Over Silent Flood Warning SirenPSEi snaps winning streak, peso slightly upAbang Johari Launches CybersarawakComelec releases partial list of 66 senatorial betsFive IT Company Employees Charged With Unauthorised Modification Of MOH ApplicationLack of trust main challenge in disaster, risk communication: expertExciting Activities Await Visitors At madani Rakyat Sayangi Sabah ProgrammeKadiwa ng Pangulo program to be expanded in VisMin this monthSoil Nailing Method Proposed For Taman Melawati Landslide RepairDA: Solar, mega cold storage facilities to help curb food wastageBudget 2025: PGSM Urges Continued Funding For Syariah Legal AidManila hosts world’s lone summit for investment policymakersGISBH: Individuals Observed ‘monitoring’ Shelters For Rescued Children – Nancy169 PPP projects in pipelineNational Financial Planning Day‘Layover tours’ for transiting NAIA passengers to launch in NovemberCustoms Busts Attempt To Smuggle 40kg Of Drugs Hidden In Industrial MachineBSP cuts key rates by another 25 basis pointsMedical Teams Mobilised To Assist Flood Evacuees In Jasin – ExcoSenate panel to launch own probe on Duterte’s drug warMARDI Set To Strengthen IP Management With TICS MembershipPH eyes 456K rooms, ‘globally competitive’ hotel sector by 2028SC Plays Active Role In ASEAN Taxonomy – ChairmanDPWH completes P191-M road enhancement projects in Nueva EcijaMIDA, MTUN Deal To Boost Highly-skilled WorkforceDOST backs consensus-based analytical solutions for food safety in SEADewan Rakyat News-In-Brief: Oct 16Blazers whip Chiefs to keep NCAA leadDr M Unwell, Defamation Suit Hearing Against Ahmad Zahid Postponed To Oct 29DOJ highlights women PDL empowerment, criminal justice reforms in PHClose Cooperation In TVET, Halal Industry Strengthens Malaysia-Philippine Ties – DPM Ahmad ZahidLoss and Damage Fund Board to meet in PH in DecemberSelangor Sultan Receives RM3.9 Million In Business Zakat From PNBP29/kg. rice available in Camarines Sur Oct. 17Special Committee Formed To Reduce SPM absenteeismDepEd chief highlights securing basics, partnerships in 1st 100 daysBursa Malaysia Ends Morning Session Lower On Profit-takingMOU inked to enhance sea travel safety in Surigao CityTaman Melawati Among 114 High-risk Landslide Hotspots In Ampang Jaya District – AmirudinChiz: Senate remains a pillar of democracy, nation-buildingOnline Safety Bill To Mandate Three Key Responsibilities For Platform ProvidersSeptember car sales up 2.4%PM To Chair Special Cabinet Meeting Today To Discuss Preparations For ASEAN ChairmanshipPBBM lauded for fostering stronger PH-UAE tiesBursa Malaysia Lower at Mid-MorningLegarda highlights need for inclusivity in building resilient futureNortheast Monsoon: Decline In Fish Landing; DOF To Ensure Supply Stability NationwideCIDG-BARMM arrests 2 suspected gunrunners in MagNorFrom Factory Floor To Auto Show: The “Eurasian Tour With AITO” Convoy Arrives In Paris4 Negros cities listed in ‘Green Destinations Top 100 Stories’Mohamed Khaled Receives Courtesy Call From Thales International CeoPalace backs probe into high-profile killings in Duterte’s drug warMetMalaysia Warns Of Thunderstorms, Heavy Rain In Sabah, Labuan And SarawakFaithful welcomes creation of new diocese in Caraga RegionSlight Increase In Number Of Flood Victims In Kedah, PerakBARMM lawmaker offers P200K for arrest of office grenade attackerBudget 2025: MOH Focuses On Primary Healthcare To Address Chronic DiseasesDSWD urges 4Ps beneficiaries to register with PhilSysMan’s Body Found In Retention Pond Near North-South HighwayNSC: AI report on PH gov’t stifling dissent ‘misleading, baseless’Online Crime Cases Up By 35.5 Per Cent In 2023 – DOSMBJMP, Red Cross launch system on better health services for PDLsGardener Turned Gang Leader Fined RM22,500 For Theft, Mischief, TrespassingMalaysia, Philippines Committed To Ongoing Negotiations Regarding South China Sea – AnwarRaja Of Perlis Wants Focus On Human Resource Development In Royal Ranger RegimentFarmer coops, associations get steady income from Kadiwa programIRB Denies Issuing CEO Statements On WhatsAppDOT actively wooing S. Korea, US, Japan markets to hit 2024 targetSinkhole In Pantai Jerejak Due To IWK Underground Pipe LeakOver 9K families redeem DSWD food stamps in BicolNajib Defends Action In Approving RM3.95 Billion KWAP Loan For SRC, Court HeardBI reshuffles key personnel at NAIA
Thu. Oct 17th, 2024
Trending News: MIGHT, Tenmak Exchange MoU On RandD For Industry DevelopmentMotorists Urged To Be Cautious As Several Roads In The Capital Hit By Flash FloodsMedical Officer Loses Over RM113,000 To Fake Online Job ScamBursa Malaysia Opens Mixed But Turns Lower ThereafterKDN To Focus On Resolving Citizenship Status Of Permanent ResidentsKioxia Demonstrates Flexible Data Placement-Enabled SSD Running RocksDB At 2024 OCP Global SummitBernama News In Brief: Oct 16Ringgit Up Vs USD On Trump’s Tariff Hike PlanCPO Futures Rebound To Close Higher Tracking Bullish CBOT Soybean OilGuilin ‘A Feast For The Eyes’ For VisitorsMSPO Certification: A Step Towards Sustainability, Impact And Challenges For SmallholdersDuo Held For Alleged Petrol Smuggling, Air Rifle Possession In Tanah MerahSyndicate Bringing In Foreigners Among Issues In Parliament WednesdayIncrease Allocation In Budget 2025 To Improve Drainage Systems – LeeGraft charges filed vs. Porac mayor, others over raided POGOCops Fire Seven Shots After Suspects Tried to Ram Patrol CarDOH urges parents to join drive in school-based vax program in NorMinPenang Councils On 24-hour Alert As Northeast Monsoon LoomsDolorito leads Lyceum to victory over Perpetual in Shakey’s volleyballQuadcom to trace money trail in Duterte drug warSabah Agrees To Adjust Salary For State Civil Servants In Line With SSPA – HajijiIt’s final: House Appropriations panel slashes OVP budget by P1.3-BMBSP Launches i-SWeeP System To Streamline Cleaning-related ServicesSenate panel OKs DAR’s proposed 2025 budgetSime Darby to Enhance ROE, Plans Strategic Growth for FY2025P92-M road projects to improve access, boost tourism in IloiloMelaka Allocates RM4.64 Mln To Restore Infrastructure Damaged By FloodsDavao City summit to discuss AI, emerging techResidents Cry Foul Over Silent Flood Warning SirenPSEi snaps winning streak, peso slightly upAbang Johari Launches CybersarawakComelec releases partial list of 66 senatorial betsFive IT Company Employees Charged With Unauthorised Modification Of MOH ApplicationLack of trust main challenge in disaster, risk communication: expertExciting Activities Await Visitors At madani Rakyat Sayangi Sabah ProgrammeKadiwa ng Pangulo program to be expanded in VisMin this monthSoil Nailing Method Proposed For Taman Melawati Landslide RepairDA: Solar, mega cold storage facilities to help curb food wastageBudget 2025: PGSM Urges Continued Funding For Syariah Legal AidManila hosts world’s lone summit for investment policymakersGISBH: Individuals Observed ‘monitoring’ Shelters For Rescued Children – Nancy169 PPP projects in pipelineNational Financial Planning Day‘Layover tours’ for transiting NAIA passengers to launch in NovemberCustoms Busts Attempt To Smuggle 40kg Of Drugs Hidden In Industrial MachineBSP cuts key rates by another 25 basis pointsMedical Teams Mobilised To Assist Flood Evacuees In Jasin – ExcoSenate panel to launch own probe on Duterte’s drug warMARDI Set To Strengthen IP Management With TICS MembershipPH eyes 456K rooms, ‘globally competitive’ hotel sector by 2028SC Plays Active Role In ASEAN Taxonomy – ChairmanDPWH completes P191-M road enhancement projects in Nueva EcijaMIDA, MTUN Deal To Boost Highly-skilled WorkforceDOST backs consensus-based analytical solutions for food safety in SEADewan Rakyat News-In-Brief: Oct 16Blazers whip Chiefs to keep NCAA leadDr M Unwell, Defamation Suit Hearing Against Ahmad Zahid Postponed To Oct 29DOJ highlights women PDL empowerment, criminal justice reforms in PHClose Cooperation In TVET, Halal Industry Strengthens Malaysia-Philippine Ties – DPM Ahmad ZahidLoss and Damage Fund Board to meet in PH in DecemberSelangor Sultan Receives RM3.9 Million In Business Zakat From PNBP29/kg. rice available in Camarines Sur Oct. 17Special Committee Formed To Reduce SPM absenteeismDepEd chief highlights securing basics, partnerships in 1st 100 daysBursa Malaysia Ends Morning Session Lower On Profit-takingMOU inked to enhance sea travel safety in Surigao CityTaman Melawati Among 114 High-risk Landslide Hotspots In Ampang Jaya District – AmirudinChiz: Senate remains a pillar of democracy, nation-buildingOnline Safety Bill To Mandate Three Key Responsibilities For Platform ProvidersSeptember car sales up 2.4%PM To Chair Special Cabinet Meeting Today To Discuss Preparations For ASEAN ChairmanshipPBBM lauded for fostering stronger PH-UAE tiesBursa Malaysia Lower at Mid-MorningLegarda highlights need for inclusivity in building resilient futureNortheast Monsoon: Decline In Fish Landing; DOF To Ensure Supply Stability NationwideCIDG-BARMM arrests 2 suspected gunrunners in MagNorFrom Factory Floor To Auto Show: The “Eurasian Tour With AITO” Convoy Arrives In Paris4 Negros cities listed in ‘Green Destinations Top 100 Stories’Mohamed Khaled Receives Courtesy Call From Thales International CeoPalace backs probe into high-profile killings in Duterte’s drug warMetMalaysia Warns Of Thunderstorms, Heavy Rain In Sabah, Labuan And SarawakFaithful welcomes creation of new diocese in Caraga RegionSlight Increase In Number Of Flood Victims In Kedah, PerakBARMM lawmaker offers P200K for arrest of office grenade attackerBudget 2025: MOH Focuses On Primary Healthcare To Address Chronic DiseasesDSWD urges 4Ps beneficiaries to register with PhilSysMan’s Body Found In Retention Pond Near North-South HighwayNSC: AI report on PH gov’t stifling dissent ‘misleading, baseless’Online Crime Cases Up By 35.5 Per Cent In 2023 – DOSMBJMP, Red Cross launch system on better health services for PDLsGardener Turned Gang Leader Fined RM22,500 For Theft, Mischief, TrespassingMalaysia, Philippines Committed To Ongoing Negotiations Regarding South China Sea – AnwarRaja Of Perlis Wants Focus On Human Resource Development In Royal Ranger RegimentFarmer coops, associations get steady income from Kadiwa programIRB Denies Issuing CEO Statements On WhatsAppDOT actively wooing S. Korea, US, Japan markets to hit 2024 targetSinkhole In Pantai Jerejak Due To IWK Underground Pipe LeakOver 9K families redeem DSWD food stamps in BicolNajib Defends Action In Approving RM3.95 Billion KWAP Loan For SRC, Court HeardBI reshuffles key personnel at NAIA
Thu. Oct 17th, 2024

CPO Futures Rebound To Close Higher Tracking Bullish CBOT Soybean Oil

KUALA LUMPUR, Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher on Wednesday, tracking gains in the Chicago Board of Trade’s soybean oil futures overnight.

Palm oil trader David Ng said better export prospects and a weaker production outlook also lifted sentiment for the golden crop.

‘Export estimates point to an increase in export pace this month, while production surveys indicate weaker production output, which may lower the overall stock level in the country.

‘Hence, this is seen as price-supportive for CPO futures,’ he told Bernama.

Therefore, Ng foresees the support level at RM4,280 per tonne and resistance at RM4,450 per tonne.

At the close today, the spot month November 2024 gained RM60 to RM4,372 per tonne, December 2024 appreciated RM63 to RM4,335 per tonne and January 2025 increased RM72 to RM4,311 per tonne.

Meanwhile, February 2025, March 2025 and April rose RM71 each to RM4,278 per tonne, RM4,240 per tonne and RM4,200 per tonne respectively.

Trading volum
e increased to 118,488 lots from 95,406 yesterday, while open interest picked up to 250,999 contracts from 248,273 previously.

The physical CPO price for October South inched up RM30 to RM4,430 per tonne.

Source: BERNAMA News Agency

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