24.05.2012 15:47
Palm market news
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MARKET TALK: BMD CPO Futures Up Midday; Resistance At MYR2,580
(30 Aug, 2010)
BMD CPO futures higher midday in thin trade on unfavorable weather earlier this year that could hit overall output, traders say.
MARKET TALK: BMD CPO Futures Gain On Crude, Short Covering
(30 Aug, 2010)
BMD CPO futures higher on spillover strength from soyoil, crude oil; speculative short covering adds support, traders say; crude's rise above $75/bbl "has provided psychological support to several commodities including palm oil," says trader in Singapore;
Sabic plans oleochemical plant
(30 Aug, 2010)
An affiliate of Saudi Basic Industries Corp (Sabic) plans to start a 83,000 tonnes per year oleo-chemical plant by the end 2013, the first in the Middle East to produce chemical products from renewable feedstock.
IOI to ride on China's strong palm oil demand
(30 Aug, 2010)
China is one of IOI Corp Bhd's top five palm oil markets and executive chairman Tan Sri Lee Shin Cheng sees stronger demand in the years ahead.
MARKET TALK: Higher Soyoil Positive For BMD CPO Futures
(30 Aug, 2010)
Gains in soyoil may push up BMD CPO futures, traders say.
MARKET TALK: BMD CPO Futures May Open MYR10-MYR25 Higher
(30 Aug, 2010)
BMD CPO futures expected to open MYR10-MYR25 higher on technical short covering, positive leads from outside markets.

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