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Strong buying continues to lift CPO futures higher


KUALA LUMPUR (Jan 29): Strong buying support continued to lift the crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives and close higher for three straight sessions.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said following this, benchmark April 2021 ended the week at its highest in 10 days.
He said the intensified buying may be due to talks that the Indian government was set to impose additional tariffs on imports of edible oil.
“CPO Futures was also racing up to catch up to Indonesian February tax levy at US$348,” he told Bernama.
It was reported that Indonesia has set a higher reference price for CPO for February at U$1,026.78 per tonne, from U$951.86 per tonne in the previous month. ....

Kuala Lumpur , United States , Sathia Varqa , Dalian Commodity Exchange , Palm Oil Analytics , Bursa Malaysia Derivatives , Indonesian February , February South , குவாலா லம்பூர் , ஒன்றுபட்டது மாநிலங்களில் , டேலியன் பண்டம் பரிமாற்றம் , பனை எண்ணெய் பகுப்பாய்வு , இந்தோனேசிய பிப்ரவரி , பிப்ரவரி தெற்கு ,

Strong buying lifts CPO futures prices


KUALA LUMPUR (Bernama) Strong buying support continued to lift the crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives and close higher for three straight sessions.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said following this, benchmark April 2021 ended the week at its highest in 10 days.
He said the intensified buying may be due to talks that the Indian government was set to impose additional tariffs on imports of edible oil.
CPO Futures was also racing up to catch up to Indonesian February tax levy at US$348,” he told Bernama.
It was reported that Indonesia has set a higher reference price for CPO for February at U$1,026.78 per tonne, from U$951.86 per tonne in the previous month. ....

Kuala Lumpur , United States , Sathia Varqa , Dalian Commodity Exchange , Palm Oil Analytics , Bursa Malaysia Derivatives , Indonesian February , February South , குவாலா லம்பூர் , ஒன்றுபட்டது மாநிலங்களில் , டேலியன் பண்டம் பரிமாற்றம் , பனை எண்ணெய் பகுப்பாய்வு , இந்தோனேசிய பிப்ரவரி , பிப்ரவரி தெற்கு ,

Rally in soyoil market propels CPO futures to strong close


KUALA LUMPUR (Jan 27): Bargain buying and rally in the soyoil market propelled the crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives to its best single day rise in 15 days.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said soyoil prices on both the Dalian Commodity Exchange and Chicago Board of Trade were on strong uptrends.
Meanwhile, palm oil trader David Ng said the gains in soyoil market may be due to strong demand from China as well as port strikes in Brazil.
“Higher soybean oil prices are making CPO more competitive in the export market.
“We locate support at RM3,280 and resistance at RM3,450,” he told Bernama. ....

Kuala Lumpur , Sathia Varqa , Dalian Commodity Exchange , Chicago Board Of Trade , Palm Oil Analytics , Bursa Malaysia Derivatives , Chicago Board , February South , குவாலா லம்பூர் , டேலியன் பண்டம் பரிமாற்றம் , சிகாகோ பலகை ஆஃப் வர்த்தகம் , பனை எண்ணெய் பகுப்பாய்வு , சிகாகோ பலகை , பிப்ரவரி தெற்கு ,