Trending News: Unity Govt To Focus On Handling Issues Of The People, Economy – FahmiCops Nab Trio, Seize Drugs Worth RM5.88 MillionOTC Markets Group Announces Official Launch Of OTC Overnight, Expanding Global Market AccessCpo Futures Close Lower, Tracking Weak DemandYAPEIM Forum Aims To Discuss Strategies To Advance Islamic Economy In Southeast AsiaRiuh Bah! Marks Start Of Malaysia Day CelebrationsPDRM May Summon Top Management Of Company Linked To Child, Religious Exploitation – IGPOp Global: Give Space To Authorities To Conduct InvestigationDengue Fever Cases Increase To 1,870 In Week 36, One Death ReportedMetMalaysia Detects Fraudulent Procurement ApplicationsMATRADE Bringing Gaming Industry Players To TGS 2024 To Boost Malaysia’s Global Presence3,459 Vacancies Up For Grab At SAS 2024 Career FairMahkota Polls: EC Finalises Arrangements For Nomination DaySarawak To Continue Upholding Spirit Of Federalism In MA63 Discussions – Abang JohariBusinesswoman Loses Over RM100,000 To Phone ScamColouring Chicks Not Animal Cruelty If Safe Methods Are Used – DVSMashitah Files Defamation Suit Against NGO Over Myanmar Human Trafficking AllegationsMore Public Parking Space At Teluk Intan HospitalGrowing Climate Risks And Greenwashing Fears Threaten Bank CreditworthinessSunway Malls Breaks Record With Six Wins At PPK Malaysia AwardsBursa Malaysia Higher At Midday Following Overnight Gains On Wall StreetNational Energy Awards 2024 Showcases Malaysia’s Commitment To Energy Management, Energy Efficiency And Renewable Energy SolutionsPerak KPDN Seizes 493 Counterfeit Printer CartridgesGlobal Experts Convene To Share Insights On Farming Culture In HunanAaron-Wooi Yik To Skip China Open Due To InjuryMahkota By-election: Halal Certification Issue Not Affecting UMNO-DAP Cooperation – NgaChina EV Companies In Negotiations To Invest In PerlisPublic Told Not To Speculate On Integrated Op At Similajau National ParkNanta To Attend Future Mobility Summit In DubaiPerhilitan Captures Bull Elephant In MersingBudget 2025: KESUMA Puts Strong Emphasis On TVET Institutions – Deputy MinisterThree Immigration Officers Among Four On Remand For BriberyBlackmores Celebrates 10th Platinum Win With Trusted Brands 2024Vietnamese female professor honoured with Ramon Magsaysay AwardThe 24th China International Fair for Investment & Trade concluded with fruitful results — Investment Linking the World and Opening Up for a Win-Win FutureNegros LGUs suspend classes amid heavy rains, floodingSarawak’s Wong Hee Sieng Joins MAVCOMMarcos birthday wish: Agri sector developmentImmigration Dept Extends Operating Hours During School HolidaysDAR empowers female employees thru ‘Binibining Agraryo’Penang Coach Accepts Costly But Indisputable Penalty DecisionsPAL to launch Cebu-Osaka flights in DecemberOp Global: 13 Children Believed To Be Sodomised, Police Open IP Against Four Men – IGPDOH warns public vs. supposedly imported mpox vaxNetsfere’s Proprietary GenAi Integration Redefines Enterprise Security, ProductivityDA condemns 400 ASF-hit hogs intercepted in NCR checkpointsKura Sushi To Open Revolving Sushi Restaurant With World’s Largest Seating Capacity And Longest Lanes At Osaka-Kansai ExpoQuiboloy’s 4 aides ordered transferred to Pasig jailKing, Queen To Grace Maulidur Rasul Celebration At PICC On MondayWorking Committee To Be Established To Examine Water Pollution Threat – PMA Foreign Enterprise Increases Capital And Expands Production In Haicang, Xiamen, ChinaMASIC, Space Scotland Ink MoU To Foster Cooperation In Space SectorMalaysia Joins WIPO Alert To Strengthen Intellectual Property ProtectionPM Anwar Wishes Happy 67th Birthday To MarcosJBG To Provide Legal Companion Service To Victims Of Sexual Exploitation – AzalinaRat Droppings Force Closure Of Penang Food OutletsAviation: Malaysia’s Passenger Traffic Full Recovery May Be Delayed – MIDFMOE Agrees To 10 Sarawak Claims To Strengthen EducationFuture Trends in Beauty Available in new NielsenIQ (NIQ) Global Beauty Innovation ReportIntegrated Ticket Merging KTMB, ERL Launched To Facilitate Railway TravellersConstruction Of 18 FA-50M Jets On Track, First Delivery Set For 2026 – Mohamed KhaledPahang Health Dept Raids Illegal Aesthetic, Dental ClinicsHigh-standard Certification, Diplomacy Strengthen Malaysia’s Position In Global Halal SectorFGV Strengthens Support for Local Livelihoods, Boosting Income for Independent Smallholders and FELDA SettlersMan Nabbed For Cable Theft At Telecommunications Substation In MerlimauFBM KLCI Futures Advance At OpeningWorldskills Lyon: Challenging Module, Surprise Task Await Youth On Day 3FBM KLCI Subdued At Opening On Caution Ahead Of Us Interest Rate DecisionBursa Malaysa Ends On A High NoteNetSfere Unveils Breakthrough in Secure Communication with Proprietary Generative AI IntegrationCSC bares result of local treasury, penology and fire officers’ examsKampung Dodol: A Legacy Of Unity, Harmony Amid Rapid DevelopmentAntique evacuates 545 families, suspends classes due to ‘Bebinca’Ringgit Opens Higher Against Weakening US Dollar6K N. Ecija ARBs relieved from paying P277-M debtsDOE Getting To The Bottom Of Sungai Tebrau PollutionBarbers to Roque: Man up, face Quadcom, submit docsNinh Binh welcomes over 6.8 million visitors in first 8 monthsGrandson of Ex-UMNO Information Chief To Continue Assisting Farmers In KelantanMinister meets foreign defence leaders in BeijingTun Juhar Accorded Rank Of Honorary Maritime Rear Admiral By MMEAPrime Minister receives ASEAN BAC delegationDigital Content Sector Offers Significant Potential For Economic Growth, Creativity – GobindOverseas Vietnamese continue raising funds for flood victims in homelandDVS Develops MyFeed App To Enhance Livestock Nutrition ManagementTop leader hosts Indonesian President-electTeacher Charged With Physical Sexual Assault On Former Male StudentNA Vice Chairwoman Nguyen Thi Thanh active in AustraliaEvent promotes Vietnam-Thailand educational cooperationBatangueños benefit from gov’t aid on PBBM’s birthdayOverseas Vietnamese worldwide raise funds for flood victims in VietnamVietnam – UK hold 5th defence policy dialogueNhan Dan Newspaper opens pavilion at 2024 L’Humanité festivalVice President Vo Thi Anh Xuan visits flood victims in northern provincesVice President Vo Thi Anh Xuan visits flood victims in northern provincesHa Long city welcoming tourists backPolls suggest Kamala Harris won presidential debateVietnam attends 11th Beijing Xiangshan ForumVietnam attends 11th Beijing Xiangshan ForumUnity Govt’s Success In Nurturing Islam Disproves PAS’ Narrative – Mohd Khairuddin
Sat. Sep 14th, 2024
Trending News: Unity Govt To Focus On Handling Issues Of The People, Economy – FahmiCops Nab Trio, Seize Drugs Worth RM5.88 MillionOTC Markets Group Announces Official Launch Of OTC Overnight, Expanding Global Market AccessCpo Futures Close Lower, Tracking Weak DemandYAPEIM Forum Aims To Discuss Strategies To Advance Islamic Economy In Southeast AsiaRiuh Bah! Marks Start Of Malaysia Day CelebrationsPDRM May Summon Top Management Of Company Linked To Child, Religious Exploitation – IGPOp Global: Give Space To Authorities To Conduct InvestigationDengue Fever Cases Increase To 1,870 In Week 36, One Death ReportedMetMalaysia Detects Fraudulent Procurement ApplicationsMATRADE Bringing Gaming Industry Players To TGS 2024 To Boost Malaysia’s Global Presence3,459 Vacancies Up For Grab At SAS 2024 Career FairMahkota Polls: EC Finalises Arrangements For Nomination DaySarawak To Continue Upholding Spirit Of Federalism In MA63 Discussions – Abang JohariBusinesswoman Loses Over RM100,000 To Phone ScamColouring Chicks Not Animal Cruelty If Safe Methods Are Used – DVSMashitah Files Defamation Suit Against NGO Over Myanmar Human Trafficking AllegationsMore Public Parking Space At Teluk Intan HospitalGrowing Climate Risks And Greenwashing Fears Threaten Bank CreditworthinessSunway Malls Breaks Record With Six Wins At PPK Malaysia AwardsBursa Malaysia Higher At Midday Following Overnight Gains On Wall StreetNational Energy Awards 2024 Showcases Malaysia’s Commitment To Energy Management, Energy Efficiency And Renewable Energy SolutionsPerak KPDN Seizes 493 Counterfeit Printer CartridgesGlobal Experts Convene To Share Insights On Farming Culture In HunanAaron-Wooi Yik To Skip China Open Due To InjuryMahkota By-election: Halal Certification Issue Not Affecting UMNO-DAP Cooperation – NgaChina EV Companies In Negotiations To Invest In PerlisPublic Told Not To Speculate On Integrated Op At Similajau National ParkNanta To Attend Future Mobility Summit In DubaiPerhilitan Captures Bull Elephant In MersingBudget 2025: KESUMA Puts Strong Emphasis On TVET Institutions – Deputy MinisterThree Immigration Officers Among Four On Remand For BriberyBlackmores Celebrates 10th Platinum Win With Trusted Brands 2024Vietnamese female professor honoured with Ramon Magsaysay AwardThe 24th China International Fair for Investment & Trade concluded with fruitful results — Investment Linking the World and Opening Up for a Win-Win FutureNegros LGUs suspend classes amid heavy rains, floodingSarawak’s Wong Hee Sieng Joins MAVCOMMarcos birthday wish: Agri sector developmentImmigration Dept Extends Operating Hours During School HolidaysDAR empowers female employees thru ‘Binibining Agraryo’Penang Coach Accepts Costly But Indisputable Penalty DecisionsPAL to launch Cebu-Osaka flights in DecemberOp Global: 13 Children Believed To Be Sodomised, Police Open IP Against Four Men – IGPDOH warns public vs. supposedly imported mpox vaxNetsfere’s Proprietary GenAi Integration Redefines Enterprise Security, ProductivityDA condemns 400 ASF-hit hogs intercepted in NCR checkpointsKura Sushi To Open Revolving Sushi Restaurant With World’s Largest Seating Capacity And Longest Lanes At Osaka-Kansai ExpoQuiboloy’s 4 aides ordered transferred to Pasig jailKing, Queen To Grace Maulidur Rasul Celebration At PICC On MondayWorking Committee To Be Established To Examine Water Pollution Threat – PMA Foreign Enterprise Increases Capital And Expands Production In Haicang, Xiamen, ChinaMASIC, Space Scotland Ink MoU To Foster Cooperation In Space SectorMalaysia Joins WIPO Alert To Strengthen Intellectual Property ProtectionPM Anwar Wishes Happy 67th Birthday To MarcosJBG To Provide Legal Companion Service To Victims Of Sexual Exploitation – AzalinaRat Droppings Force Closure Of Penang Food OutletsAviation: Malaysia’s Passenger Traffic Full Recovery May Be Delayed – MIDFMOE Agrees To 10 Sarawak Claims To Strengthen EducationFuture Trends in Beauty Available in new NielsenIQ (NIQ) Global Beauty Innovation ReportIntegrated Ticket Merging KTMB, ERL Launched To Facilitate Railway TravellersConstruction Of 18 FA-50M Jets On Track, First Delivery Set For 2026 – Mohamed KhaledPahang Health Dept Raids Illegal Aesthetic, Dental ClinicsHigh-standard Certification, Diplomacy Strengthen Malaysia’s Position In Global Halal SectorFGV Strengthens Support for Local Livelihoods, Boosting Income for Independent Smallholders and FELDA SettlersMan Nabbed For Cable Theft At Telecommunications Substation In MerlimauFBM KLCI Futures Advance At OpeningWorldskills Lyon: Challenging Module, Surprise Task Await Youth On Day 3FBM KLCI Subdued At Opening On Caution Ahead Of Us Interest Rate DecisionBursa Malaysa Ends On A High NoteNetSfere Unveils Breakthrough in Secure Communication with Proprietary Generative AI IntegrationCSC bares result of local treasury, penology and fire officers’ examsKampung Dodol: A Legacy Of Unity, Harmony Amid Rapid DevelopmentAntique evacuates 545 families, suspends classes due to ‘Bebinca’Ringgit Opens Higher Against Weakening US Dollar6K N. Ecija ARBs relieved from paying P277-M debtsDOE Getting To The Bottom Of Sungai Tebrau PollutionBarbers to Roque: Man up, face Quadcom, submit docsNinh Binh welcomes over 6.8 million visitors in first 8 monthsGrandson of Ex-UMNO Information Chief To Continue Assisting Farmers In KelantanMinister meets foreign defence leaders in BeijingTun Juhar Accorded Rank Of Honorary Maritime Rear Admiral By MMEAPrime Minister receives ASEAN BAC delegationDigital Content Sector Offers Significant Potential For Economic Growth, Creativity – GobindOverseas Vietnamese continue raising funds for flood victims in homelandDVS Develops MyFeed App To Enhance Livestock Nutrition ManagementTop leader hosts Indonesian President-electTeacher Charged With Physical Sexual Assault On Former Male StudentNA Vice Chairwoman Nguyen Thi Thanh active in AustraliaEvent promotes Vietnam-Thailand educational cooperationBatangueños benefit from gov’t aid on PBBM’s birthdayOverseas Vietnamese worldwide raise funds for flood victims in VietnamVietnam – UK hold 5th defence policy dialogueNhan Dan Newspaper opens pavilion at 2024 L’Humanité festivalVice President Vo Thi Anh Xuan visits flood victims in northern provincesVice President Vo Thi Anh Xuan visits flood victims in northern provincesHa Long city welcoming tourists backPolls suggest Kamala Harris won presidential debateVietnam attends 11th Beijing Xiangshan ForumVietnam attends 11th Beijing Xiangshan ForumUnity Govt’s Success In Nurturing Islam Disproves PAS’ Narrative – Mohd Khairuddin
Sat. Sep 14th, 2024

CPO Futures End Higher Due To Weaker Production Prospects

KUALA LUMPUR, The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday due to prospects of a weaker production pace in the country, said a dealer.

Palm oil trader David Ng told Bernama that stronger crude oil prices also supported the positive market sentiment.

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

Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the rise in crude oil prices due to fresh escalation in the Middle East and a clearer signal over the United States interest rate cuts in September has sparked a buying frenzy across vegetable oils.

According to reports, Soybean futures closed higher on Monday during daytime trading at the Dalian Commodity Exchange, as the most active soybean contract for January 2025 delivery gained 41 yuan (about US$5.76) to close at 4,260 yuan per tonne.

Meanwhile, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said Indonesia’s probable plans of B50 biodiesel m
andates in 2025 also influenced the market sentiment.

At the close, spot month September 2024 increased by RM45 to RM4,021 a tonne, October 2024 rose by RM50 to RM3,966 a tonne, and November 2024 contract grew by RM57 to RM3,924 a tonne.

The December 2024 contract inched up RM55 to RM3,906 a tonne, the January 2025 contract surged by RM52 to RM3,899 a tonne, and the February 2025 contract gained RM58 to RM3,896 a tonne.

Total volume increased to 96,898 lots from Friday’s close of 69,609 lots, while open interest advanced to 226,995 contracts from 223,891 contracts previously.

The physical CPO price for September South rose by RM40 to RM4,040 per tonne.

Source: BERNAMA News Agency

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