Trending News: FBM KLCI Futures Open FirmerM’sia To Maintain Strong International Ties While Standing With Palestine – PM AnwarJohor KPDN Records 956 Offences, RM29.2 Mln Worth Of Seizures Since JanuaryMalaysian HADR Team Delivers Aid For Trami Relief Efforts In PhilippinesCSA Licence Holders In Tawau Commit To ‘Kita Gempur’ MovementMembers Of Parliament Raise Food Security Issues During DebateAgenda Suria Deepavali Carnival Eyes 400,000 Visitors, Draws 150,000 In First 5 DaysKedah Cops Bust ‘Geng Pak Lon’ After Three-month Extortion SpreeBudget 2025: Higher Allocation To Spur National Energy Transition InitiativesAaron Chia Receives RM50k From Melaka For Olympic BronzeTawau Fire: Herriz Was Sound Asleep – AuntSelangor KPDN, State Gov’t To Introduce Discount Card For Menu Rahmah TradersPoor Turnout At Rally Demanding Accountability For Kopi’s ShootingPENN Fund On Track For Disbursement – RamananDeepavali: Two Media Veterans Receive Contributions From Tabung Kasih@HAWANAChef Wan Withdraws Leave Application In Defamation Lawsuit Against Ex-Son-In-LawMOE Implements Intervention Measures To Boost Student Participation In STEMKKDW Taps 26 Strategic Partners To Assist Digital Adapatation Among Rural EntrepreneursEncouraging Response For PSN’s 2024 Science Excursion ProgrammeASTAF Moots Introducing Asian Sepaktakraw LeagueUmrah, Hajj Package-related Claims Top The List At Terengganu TTPMMelaka Kopitam Faces Legal Action For Repeated Price HikesMetMalaysia: Thunderstorm Warning For Seven StatesOver 66,000 Responders Ready For Northeast Monsoon Season – KDNKLCCP Stapled Group Appoints New CEORinggit Eases Against US Dollar At The ClosePromising Path To Sustainable Development: APO Launches Green Productivity 2.0 At The 65th Workshop Meeting Of Heads Of NPOsMcDonald’s Malaysia Expands Operations In Sabah With New Outlet In TuaranMalaysian Media Council Bill To Be Tabled For First Reading – FahmiTree-Cutting Activity Caused Disruption To KTM, ETS Train Services On FridayThree Reasons Targeted Diesel Subsidy Hasn’t Been Implemented In Sabah, Sarawak – ArmizanBursa Ends Lower On Heightened Caution In Data-heavy Week, Ahead Of US ElectionPETRONAS Unveils Dual Initiatives To Strengthen Malaysia’s Oil and Gas SectorHelping People Will Not Cause Government’s Downfall, Corruption Will – PM Anwar872,000 EPF Members Make Voluntary Contributions As Of August 2024 – LimKPDN Conducts Monitoring To Ensure Traders Comply With Deepavali Price ControlPrison Inmates’ Families Permitted Deepavali Visits On Nov 2-3Police Cripple Cable-thieving ‘Baim Gang’ In TerengganuKPKT Takes ASEAN 2025 Lead With Real Estate, Smart City SummitsIsmail Sabri Withdraws Defamation Suit Against Agenda DailyOp Global: Welfare Dept Carefully Reviewing 68 Applications To Return Rescued Children – NancySetting The Stage: GDS Summit Showcases Data Centre Supply Chain Ecosystem, Further Strengthening Malaysia’s Digital InfrastructureMalaysia Airlines Reduces Seats To Sabah, S’wak, Labuan From August To DecemberMPI Empowers Media Practitioners’ Knowledge In AI To Improve Reporting – MPI PresidentMalaysia Continues To Serve As Logistics Hub For Solar Panels Amid US Tariff Hike — LokeCPO Futures Slide As Lower Oil Prices Weigh On Market SentimentT15 Definition: Economy Ministry To Finalise In A MonthPLUS Activates 21 Additional Smart Lane Locations Starting Wednesday For DeepavaliWoman Charged With Posession Of 38 Banned Publications Related To Al-ArqamRoad Closures Announced Ahead Of Sultan Nazrin Shah’s Birthday Run In Kuala KangsarMalaysia Plans To Visit Each ASEAN Member State Before AIPA – JohariRinggit Opens Slightly Higher Against US DollarTNB Introduces MyDigital ID As An Additional Login Option For myTNB UsersBatu Kawa Has Potential To Be Developed Like Bandar Sunway – Abang JohariFive LRT3 Stations Expected To Be Operational By Q2 2028 – Deputy MinisterAlcon Singapore Elevates Associate Experience With Inspiring Engagement ProgramsPenang KPDN Raid Store Containing Misappropriated 1Kg Cooking Oil PacksDevelopers Urged To Install Solar Panels In New Housing Projects – Fadillah1,400 OBB Prospects At Machang Rehabilitation Centre Offered EmploymentBursa Malaysia Edges Lower At Midday Amid Cautious SentimentMOH To Establish Committees To Address Social Determinants Of Health For Orang AsliDeepavali: Toll-free Travel For Class 1 Vehicles On Oct 29-30Rubber Market Ends Higher On Tight NR Supply ConcernsDeepavali: LLM Expects 2.62 Million Vehicles To Use Major Expressways From Tomorrow‘Kolam’ Rice Sales Surge Ahead Of DeepavaliTwo Held, 145kg Of Drugs Worth RM4.18 Million SeizedSEGIM Underscores Malaysia Is Proactive In Forming A Sustainable Gig EcosystemPolice Raid Abandoned Hotel In KL, Arrest 10 Foreign Women For ProstitutionJasmine Loo Refuses To Answer Questions Regarding Witness Protection ProgrammeThe Third International Summit On BDS Applications Kicked Off In ZhuzhouMohd Hisham Is New MetMalaysia DGElvina Liow Promoted To Lead watchTowr’s Operations Across APACKhazanah Nasional Establishes Jelawang Capital As National Fund-of-FundsChina’s Beidou Navigation System Boosts Industry, Global CooperationBursa Malaysia To Close On Oct 31 For Deepavali HolidayBMI Predicts 2.0 Pct Growth In SEA LPG DemandAPO Unveils Green Productivity 2.0 At 65th Workshop Meeting Of NPO LeadersMaxis, Ambank Deepen Collaboration To Accelerate Digital Transformation In HealthcarePenang’s Northern TechValley @ BKE Targets High-value Investments – Suling Hill DevelopmentDHL Investing RM300 Mln On KL Gateway FacilityAlcon In The Public Eye, Winning Best Employers In Singapore Once AgainPartnership With State Govts Key To Reducing Livestock Feed Imports – JohariSabah A Powerhouse In Palm Oil Industry With 4.5 Mln Tonnes CPO Produced In 2023 – HajijiACE Market Debutant Sorento Capital To Expand Into New Construction, Renovation ProjectsNortheast Monsoon: Food Aid Prepared For Orang Asli Communities – JAKOAThai Man Nabbed For Alleged Drug TraffickingExplore Singapore’s Magical Disney Cruise AdventurewatchTowr Appoints Elvina Liow to Vice President, APACMYStartup Pre-Accelerator Returns For Cohort 5, Seeking Malaysia’s Next Wave Of Innovative StartupsKPDN Arrest Man Buying RON95 Petrol Believed To Be Used In Misappropriation In BeluranRecycling Plant In Kelantan That Caught Fire Records Api Reading Of 46 – DOEIndonesian Woman Loses More Than RM4 Mln To Forex Investment SyndicateMOHE Will Distribute Second Phase Book Vouchers Via MySISWAPLACE From Oct 30Malaysia Strengthens Biodiversity Conservation Cooperation At COP16Malaysia’s BRICS Membership Could Boost Trade, Global Influence – AcademiciansLocal Institutional Investors Net Bought RM244.6 Mln Equities On Bursa Malaysia Last WeekFBM KLCI Rebounds From Five Days Of LossesBlackberry Establishes APAC Regional Cybersecurity HQ In MalaysiaAirAsia Carries Over 45 Million Passengers Year-to-date — Capital AAnalysts Lift Target Price On Gamuda Amid New Hydroelectric Deal
Wed. Oct 30th, 2024
Trending News: FBM KLCI Futures Open FirmerM’sia To Maintain Strong International Ties While Standing With Palestine – PM AnwarJohor KPDN Records 956 Offences, RM29.2 Mln Worth Of Seizures Since JanuaryMalaysian HADR Team Delivers Aid For Trami Relief Efforts In PhilippinesCSA Licence Holders In Tawau Commit To ‘Kita Gempur’ MovementMembers Of Parliament Raise Food Security Issues During DebateAgenda Suria Deepavali Carnival Eyes 400,000 Visitors, Draws 150,000 In First 5 DaysKedah Cops Bust ‘Geng Pak Lon’ After Three-month Extortion SpreeBudget 2025: Higher Allocation To Spur National Energy Transition InitiativesAaron Chia Receives RM50k From Melaka For Olympic BronzeTawau Fire: Herriz Was Sound Asleep – AuntSelangor KPDN, State Gov’t To Introduce Discount Card For Menu Rahmah TradersPoor Turnout At Rally Demanding Accountability For Kopi’s ShootingPENN Fund On Track For Disbursement – RamananDeepavali: Two Media Veterans Receive Contributions From Tabung Kasih@HAWANAChef Wan Withdraws Leave Application In Defamation Lawsuit Against Ex-Son-In-LawMOE Implements Intervention Measures To Boost Student Participation In STEMKKDW Taps 26 Strategic Partners To Assist Digital Adapatation Among Rural EntrepreneursEncouraging Response For PSN’s 2024 Science Excursion ProgrammeASTAF Moots Introducing Asian Sepaktakraw LeagueUmrah, Hajj Package-related Claims Top The List At Terengganu TTPMMelaka Kopitam Faces Legal Action For Repeated Price HikesMetMalaysia: Thunderstorm Warning For Seven StatesOver 66,000 Responders Ready For Northeast Monsoon Season – KDNKLCCP Stapled Group Appoints New CEORinggit Eases Against US Dollar At The ClosePromising Path To Sustainable Development: APO Launches Green Productivity 2.0 At The 65th Workshop Meeting Of Heads Of NPOsMcDonald’s Malaysia Expands Operations In Sabah With New Outlet In TuaranMalaysian Media Council Bill To Be Tabled For First Reading – FahmiTree-Cutting Activity Caused Disruption To KTM, ETS Train Services On FridayThree Reasons Targeted Diesel Subsidy Hasn’t Been Implemented In Sabah, Sarawak – ArmizanBursa Ends Lower On Heightened Caution In Data-heavy Week, Ahead Of US ElectionPETRONAS Unveils Dual Initiatives To Strengthen Malaysia’s Oil and Gas SectorHelping People Will Not Cause Government’s Downfall, Corruption Will – PM Anwar872,000 EPF Members Make Voluntary Contributions As Of August 2024 – LimKPDN Conducts Monitoring To Ensure Traders Comply With Deepavali Price ControlPrison Inmates’ Families Permitted Deepavali Visits On Nov 2-3Police Cripple Cable-thieving ‘Baim Gang’ In TerengganuKPKT Takes ASEAN 2025 Lead With Real Estate, Smart City SummitsIsmail Sabri Withdraws Defamation Suit Against Agenda DailyOp Global: Welfare Dept Carefully Reviewing 68 Applications To Return Rescued Children – NancySetting The Stage: GDS Summit Showcases Data Centre Supply Chain Ecosystem, Further Strengthening Malaysia’s Digital InfrastructureMalaysia Airlines Reduces Seats To Sabah, S’wak, Labuan From August To DecemberMPI Empowers Media Practitioners’ Knowledge In AI To Improve Reporting – MPI PresidentMalaysia Continues To Serve As Logistics Hub For Solar Panels Amid US Tariff Hike — LokeCPO Futures Slide As Lower Oil Prices Weigh On Market SentimentT15 Definition: Economy Ministry To Finalise In A MonthPLUS Activates 21 Additional Smart Lane Locations Starting Wednesday For DeepavaliWoman Charged With Posession Of 38 Banned Publications Related To Al-ArqamRoad Closures Announced Ahead Of Sultan Nazrin Shah’s Birthday Run In Kuala KangsarMalaysia Plans To Visit Each ASEAN Member State Before AIPA – JohariRinggit Opens Slightly Higher Against US DollarTNB Introduces MyDigital ID As An Additional Login Option For myTNB UsersBatu Kawa Has Potential To Be Developed Like Bandar Sunway – Abang JohariFive LRT3 Stations Expected To Be Operational By Q2 2028 – Deputy MinisterAlcon Singapore Elevates Associate Experience With Inspiring Engagement ProgramsPenang KPDN Raid Store Containing Misappropriated 1Kg Cooking Oil PacksDevelopers Urged To Install Solar Panels In New Housing Projects – Fadillah1,400 OBB Prospects At Machang Rehabilitation Centre Offered EmploymentBursa Malaysia Edges Lower At Midday Amid Cautious SentimentMOH To Establish Committees To Address Social Determinants Of Health For Orang AsliDeepavali: Toll-free Travel For Class 1 Vehicles On Oct 29-30Rubber Market Ends Higher On Tight NR Supply ConcernsDeepavali: LLM Expects 2.62 Million Vehicles To Use Major Expressways From Tomorrow‘Kolam’ Rice Sales Surge Ahead Of DeepavaliTwo Held, 145kg Of Drugs Worth RM4.18 Million SeizedSEGIM Underscores Malaysia Is Proactive In Forming A Sustainable Gig EcosystemPolice Raid Abandoned Hotel In KL, Arrest 10 Foreign Women For ProstitutionJasmine Loo Refuses To Answer Questions Regarding Witness Protection ProgrammeThe Third International Summit On BDS Applications Kicked Off In ZhuzhouMohd Hisham Is New MetMalaysia DGElvina Liow Promoted To Lead watchTowr’s Operations Across APACKhazanah Nasional Establishes Jelawang Capital As National Fund-of-FundsChina’s Beidou Navigation System Boosts Industry, Global CooperationBursa Malaysia To Close On Oct 31 For Deepavali HolidayBMI Predicts 2.0 Pct Growth In SEA LPG DemandAPO Unveils Green Productivity 2.0 At 65th Workshop Meeting Of NPO LeadersMaxis, Ambank Deepen Collaboration To Accelerate Digital Transformation In HealthcarePenang’s Northern TechValley @ BKE Targets High-value Investments – Suling Hill DevelopmentDHL Investing RM300 Mln On KL Gateway FacilityAlcon In The Public Eye, Winning Best Employers In Singapore Once AgainPartnership With State Govts Key To Reducing Livestock Feed Imports – JohariSabah A Powerhouse In Palm Oil Industry With 4.5 Mln Tonnes CPO Produced In 2023 – HajijiACE Market Debutant Sorento Capital To Expand Into New Construction, Renovation ProjectsNortheast Monsoon: Food Aid Prepared For Orang Asli Communities – JAKOAThai Man Nabbed For Alleged Drug TraffickingExplore Singapore’s Magical Disney Cruise AdventurewatchTowr Appoints Elvina Liow to Vice President, APACMYStartup Pre-Accelerator Returns For Cohort 5, Seeking Malaysia’s Next Wave Of Innovative StartupsKPDN Arrest Man Buying RON95 Petrol Believed To Be Used In Misappropriation In BeluranRecycling Plant In Kelantan That Caught Fire Records Api Reading Of 46 – DOEIndonesian Woman Loses More Than RM4 Mln To Forex Investment SyndicateMOHE Will Distribute Second Phase Book Vouchers Via MySISWAPLACE From Oct 30Malaysia Strengthens Biodiversity Conservation Cooperation At COP16Malaysia’s BRICS Membership Could Boost Trade, Global Influence – AcademiciansLocal Institutional Investors Net Bought RM244.6 Mln Equities On Bursa Malaysia Last WeekFBM KLCI Rebounds From Five Days Of LossesBlackberry Establishes APAC Regional Cybersecurity HQ In MalaysiaAirAsia Carries Over 45 Million Passengers Year-to-date — Capital AAnalysts Lift Target Price On Gamuda Amid New Hydroelectric Deal
Wed. Oct 30th, 2024

CPO FUTURES DECLINE FOLLOWING INCREASE IN OVERALL STOCK LEVELS

KUALA LUMPUR, The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday, following an increase in overall stock levels reported by the Malaysian Palm Oil Board (MPOB) for June, according to palm oil trader David Ng.

He said market sentiment was also dampened by expectations of higher production in the coming weeks.

‘We see the price support level at RM3,850 per tonne and resistance at RM4,050,’ Ng told Bernama.

The MPOB report highlighted a 4.35 per cent increase in palm oil stocks to 1.83 million tonnes in June 2024, up from 1.75 million tonnes in May 2024.

In its June 2024 industry performance report, MPOB indicated that Malaysia’s CPO stocks decreased to 925,165 tonnes in June from 979,019 tonnes in May.

‘Processed palm oil stocks rose to 904,304 tonnes in June from 774,192 tonnes previously,’ the report stated.

Additionally, it said that CPO production declined to 1.62 million tonnes in June from 1.70 million tonnes in the preceding month, while palm kernel ou
tput reduced to 367,852 tonnes from 408,326 tonnes previously.

At the close, the spot month July 2024 contract and August 2024 contract eased by RM17 each to RM3,998 a tonne and RM3,963 a tonne, respectively.

September 2024 dropped RM41 to RM3,918 a tonne, October 2024 slid RM52 to RM3,897 a tonne, November 2024 shed RM53 to RM3,891 a tonne, and December 2024 dipped RM51 to RM3,898 a tonne.

Total volume increased to 107,394 lots from Tuesday’s 81,428 lots, while open interest decreased to 229,364 contracts from 235,174 contracts previously.

The physical CPO price for July South was lower by RM30 at RM4,050 per tonne.

Source: BERNAMA News Agency

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