CPO Futures End Higher On Stronger Edible Oil Markets
KUALA LUMPUR, July 14 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today, supported by gains in palm olein and soybean oil on China's Dalian Commodity Exchange (DCE).
Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said the market opened sharply higher, with the most-active September contract reaching a three-month high, as stronger edible oil prices on the DCE boosted buying interest.
'Although exports appear to have declined in the first half of July, traders are optimistic about increased purchases from India ahead of the Deepavali festive season in October,' he told Bernama.
Palm oil trader David Ng also attributed the day's gains to strength in external markets.
'CPO ended higher on stronger soybean oil and crude oil prices, which continue to influence sentiment across the broader vegetable oil complex.
'We see prices supported well above at RM4,150 per tonne and resistance at RM4,280,' Ng said.
At the close, the spot-month July contract rose RM39 to RM4,109 per tonne, August 2025 added RM39 to RM4,183 per tonne, and September 2025 gained RM56 to RM4,230 per tonne.
October 2025 climbed RM64 to RM4,241 per tonne, November 2025 advanced RM62 to RM4,236 per tonne, and December 2025 increased RM56 to RM4,231 per tonne.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sinar Daily
21 minutes ago
- Sinar Daily
Kuih Bakar with a twist: From pandan to sardine, savoury flavours steal the spotlight
The couple allowed themselves to reimagine the traditional cake with contemporary tastes. 19 Jul 2025 06:04pm Instead of the usual sweet and fragrant pandan kuih bakar, husband-and-wife entrepreneurs in Johor Bahru are making savoury versions of the traditional delicacy, experimenting with new flavours including durian, beef and sardines. Photo by Bernama JOHOR BAHRU - Instead of the usual sweet and fragrant pandan kuih bakar, husband-and-wife entrepreneurs here are making savoury versions of the traditional delicacy, experimenting with new flavours including durian, beef and sardines. According to Shahrilnizam Mohamed, 54, based on the original kuih bakar recipe of his mother, he and his wife, Mahanum Abdul Rahman, 52, allowed themselves to reimagine the traditional cake with contemporary tastes. "We want to change the perception that kuih bakar is only meant to be sweet. It can also be savoury and come in a variety of flavours…The idea to create sardine-flavoured kuih bakar was inspired by both my wife and me, as we enjoy sardine dishes,' said Shahrilnizam when met by Bernama at his outlet in Larkin Sentral here recently. Kuih Bakar Mahanoum trader, Shahrilnizam Mohamed, 54, and his wife, Mahanum Abdul Rahman, 52, preparing their kuih bakar for sale at Larkin Sentral. Photo by Bernama The couple began their business in December last year with a capital of RM70,000, and now offer five flavour variations, ranging from classic pandan (RM8) to premium durian (RM15). Shahrilnizam said this unique kuih bakar, which takes between 45 minutes and one hour to bake, is a hit with Singaporean customers, many of whom are willing to wait for long periods to take home their favourite flavours, particularly durian and sardine. During the holiday season, sales can reach up to 450 pieces a day, compared to an average of 200 on regular days, indicating how innovation can elevate this traditional Malaysian delicacy to unexpected heights. Instead of the usual sweet and fragrant pandan kuih bakar, husband-and-wife entrepreneurs in Johor Bahru are making savoury versions of the traditional delicacy, experimenting with new flavours including durian, beef and sardines. Photo by Bernama Meanwhile, Singaporean Siti Kamalaila Zulkeplie, 54, described the kuih bakar as a "must-buy' treat whenever she and her family travel to Malaysia on weekends. "Whenever we come here (Larkin Sentral), it's a definite purchase for our family. Usually, kuih bakar only comes in pandan or corn flavour, so these unique variations like beef and sardine are truly different and they taste really good,' she added. - BERNAMA More Like This
Malay Mail
an hour ago
- Malay Mail
Three new durian varieties set to debut in next two years… all thanks to Mardi
KUALA KANGSAR, July 19 —The Malaysian Agricultural Research and Development Institute (Mardi) is set to introduce three new durian varieties within the next two years. Mardi director-general Datuk Dr Mohamad Zabawi Abdul Ghani said the institute is currently evaluating several promising hybrid durians that could lead to new clones. 'We're assessing their suitability for planting in different locations. Apart from Mardi Kuala Kangsar, we're also developing hybrids at Mardi Jerangau in Terengganu. 'The names and codes are still being finalised and will be announced at the official launch,' he told reporters after the Duriotourism programme with the media at Mardi Kuala Kangsar today. Meanwhile, Mohamad Zabawi said the hybrid MRDI Super 88 (MS88) variety will be rebranded with a more appealing name. He added that 13,000 MS88 durian trees have been planted nationwide under Mardi's full supervision. 'Some trees are now between two and three years old, so in the next five to six years, they should be ready for wider commercial distribution,' he said. — Bernama
The Sun
an hour ago
- The Sun
Kangar smart parking system to resume smoothly from Aug 1
KANGAR: The Kangar Municipal Council (MPKangar) has guaranteed that all concerns regarding the Smart Parking system will be fully addressed before its resumption on August 1. The council aims to provide a seamless experience for residents with improved efficiency. MPKangar president Affendi Rajini Kanth stated that the identified issues were minimal and solutions are already in place. 'We found issues regarding the parking were actually just a few and have identified the solutions. The system will be smoother from August,' he said during a press briefing after a townhall session. He emphasized the council's commitment to resolving complaints within 24 hours, reinforcing its dedication to enhancing public service quality. 'We really welcome all parties to provide their views. We don't view ourselves as perfect, so when we accept criticism and suggestions, we can improve from time to time,' he added. The Smart Parking system, launched in mid-June, was temporarily suspended for six months due to public feedback. The upcoming relaunch follows thorough improvements to ensure better functionality. - Bernama
