Kuala Lumpur - BMD CPO futures superior on gains in Chinese agricultural commodities, bullish outlook from top industry analysts; but upside likely limited; "palm oil prices have overreacted and it doesn't reflect fundamentals," Singapore-based trading executive; adds profit-taking likely at short intervals. Dalian May soybean futures +1.7%; Dipak Enterprises Managing Director Govindlal Patel says over the weekend that India's palm oil imports in marketing year starting Nov. 1 to go up 12% to 6.92 million tons. Benchmark December CPO MYR46 superior at MYR2,747/ton after increasing 2% to 16-month high MYR2,755/ton.
Newer news items:
- Oil falls under USD 76 a barrel
- In MCX, Aluminium on a pessimistic Tone
- Oil price resolve near to USD 77 a barrel
- Mentha oil futures fragment downhill
- Crude oil trades at approximately USD 74.89/bbl
Older news items:
- Oil price resolves near to USD 74 a barrel
- Oil bounds more than USD 75 a barrel
- Oil cascades to near USD 75 a barrel
- Oil bounds more than USD 77 a barrel
- Oil scales to near USD 76 a barrel
