Trends - Palm Oil - Business Recorder

Palm Oil

Palm falls for second day on forecasts of higher output, stockpiles

Market talks of Indonesia export levy cut weigh.
MPOA sees 7% monthly rise in May output –traders.

Published 08 Jun, 2021 05:05pm

Markets

ICE canola futures fall on wetter Canada forecast

WINNIPEG, (Manitoba): ICE canola futures fell on Thursday, giving up earlier gains as concerns about dry Canadian...

Published 05 Jun, 2021 04:08am

Markets

Palm oil eases

KUALA LUMPUR: Malaysian palm oil futures eased on Friday after surveys pegged May inventories to rise to an...

Published 05 Jun, 2021 04:08am

Markets

Palm oil eases on rising stocks but logs 3pc weekly gain

Palm logs second weekly rise.
Malaysia end-May stockpile seen higher at 1.64 mln T.
Indonesia yet to decide on export levy cut.

Updated 04 Jun, 2021 06:22pm

Markets

ICE canola futures move higher

WINNIPEG: ICE canola futures closed higher on Tuesday, following advances in allied US soy markets. Front-month ...

Published 03 Jun, 2021 04:13am

Markets

Palm oil climbs 5pc, hits two-week high

KUALA LUMPUR: Malaysian palm oil futures jumped 5% on Wednesday, hitting a two-week high, as dry weather in the US...

Published 03 Jun, 2021 04:13am

Markets

Palm climbs 5pc, hits two-week high on edible oil supply woes

Palm up after two consecutive sessions of losses
Lockdown hurts domestic demand prospects for June
Malaysia stocks seen slightly lower or unchanged – analyst.

Updated 02 Jun, 2021 06:06pm

Markets

Palm oil falls 2pc as export pace slows, Indonesia taxes weigh

KUALA LUMPUR: Malaysian palm oil futures fell over 2% on Monday as the pace of exports slowed and Indonesia raised...

Published 01 Jun, 2021 04:59am

Markets

Palm oil falls 2pc as export pace slows, Indonesia taxes weigh

Indonesia's June export taxes higher at $183 per tonne.
Malaysian exports in May rise 1.6% m/m.
Malaysia to enter two-week lockdown starting Tuesday.

Published 31 May, 2021 06:17pm

Markets

Malaysian palm oil jumps

SINGAPORE: Malaysian palm oil futures reversed losses incurred in the previous session and jumped over 2% on Friday,...

Published 30 May, 2021 03:51am

Markets

Palm oil rises over 2pc as Chicago soybean prices rally

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up at 4,015 ringgit ($971.68) a tonne when the market closed.
The contract gained 0.6% this week after plunging 11.43% in the previous week, its biggest weekly drop in one year.

Published 28 May, 2021 06:17pm

Markets

China regulator says crude oil, palm oil options to start trading in June

Crude oil options will begin trading on June 21, and palm oil options on June 18, the Securities Regulatory Commission (CSRC) said.
The Chinese contracts open to foreign participation include crude oil, TSR 20 rubber, low-sulphur fuel oil, iron ore and purified terephthalic acid.

Published 28 May, 2021 06:15pm

Markets

Palm oil falls 2.7pc on weaker rivals, production outlook

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange fell 2.7% to close at 3,917 ringgit ($946.59). It erased some of the 3.4% gain posted on Tuesday.
The Bursa Malaysia was closed on Wednesday for the Vesak Day holiday.

Updated 27 May, 2021 06:26pm

Markets

Palm oil snaps four-day losing streak, jumps 3.47pc

The benchmark palm oil contract for August delivery climbed 3.47% to close at 4,025 ringgit ($972.22).
CBOT soyoil prices rose 1.43% on Tuesday, while prices for Dalian's soyoil and palm oil contract advanced 1.42% and 1.43%, respectively.

Updated 25 May, 2021 05:09pm

Markets

Palm oil falls over 2pc

SINGAPORE: Malaysian palm oil futures fell for a fourth consecutive session on Monday, as they tracked losses in...

Published 25 May, 2021 04:40am

Markets

Palm oil clocks 11pc weekly fall

KUALA LUMPUR: Malaysian palm oil futures fell on Friday and logged an 11% weekly drop, its sharpest in a year, hit ...

Published 23 May, 2021 03:06am

Markets

Palm clocks 11pc weekly fall on higher output hopes, lockdown fears

Palm logs 11% weekly drop, biggest in one year.
Palm hits lowest since May 4, down for 3rd session.
Stricter lockdown in Malaysia could curb consumption.

Published 21 May, 2021 04:35pm

Markets

Palm oil futures slump

KUALA LUMPUR: Malaysian palm oil futures slumped more than 4% to a two-week low on Thursday as rival soyaoil fell,...

Published 21 May, 2021 05:04am

Business & Finance

Indonesian exports surge

JAKARTA: Indonesia’s exports racked up their strongest rise in 11 years in April, boosted by surging prices of key...

Updated 21 May, 2021 09:43am

Markets

Palm oil slips 3.5pc

KUALA LUMPUR: Malaysian palm oil futures dropped 3.5% on Wednesday after the second-largest producer raised its...

Published 20 May, 2021 04:26am

Markets

Palm slips 3.5pc on higher export tax reference price, weaker rivals

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed down 157 ringgit, or 3.52%, at 4,300 ringgit ($1,039.65) a tonne, its biggest one-day percentage fall in seven weeks.

Published 19 May, 2021 05:05pm

Markets

Palm rises 5pc on concerns over global supply squeeze in edible oils

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange settled 215 ringgit, or 5.07%, higher at 4,457 ringgit ($1,080.48) a tonne, after closing 1.05% lower on Monday.

Published 18 May, 2021 08:26pm

Markets

Palm oil retreats from record high

KUALA LUMPUR: Malaysian palm oil futures fell 1% on Monday, retreating from last session’s record high, as trade...

Published 18 May, 2021 05:05am

Markets

Palm retreats from record high as concerns over global edible oil supply ease

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange ended down 45 ringgit, or 1.05%, at 4,240 ringgit ($1,026.88) a tonne.
Malaysian markets were closed last Thursday and Friday after a half-day trade on Wednesday for holidays.

Published 17 May, 2021 06:16pm

Markets

Palm oil climbs 4pc to record high

KUALA LUMPUR: Malaysian palm oil futures ended 4% higher on Wednesday to hit a record peak of 4,524 ringgit...

Published 13 May, 2021 03:10am

Markets

India's April palm oil imports surge 82pc y/y, trade body says

The country imported 701,795 tonnes of palm oil last month, while soyoil imports fell by 21% to 144,020 tonnes, the Solvent Extractors' Association of India (SEA) said in a statement.
Sunflower oil imports dropped 18% to 184,097 tonnes in April after prices more than doubled in a year, it added.

Published 12 May, 2021 05:45pm

PM says Tarin’s appointment aimed at boosting growth, containing inflation

• ‘Our government saved the economy in the midst of pandemic’ • Financial assistance from Saudi Arabia,...

Published 12 May, 2021 04:23am

Markets

Palm oil ends lower for second day

KUALA LUMPUR: Malaysian palm oil futures fell for a second straight day on Tuesday, as pressure from rising...

Published 12 May, 2021 04:23am

Markets

Malaysian palm oil falls

KUALA LUMPUR: Malaysian palm oil futures declined more than 1% on Monday, after palm posted its best week in two...

Published 11 May, 2021 04:39am

Markets

Palm oil falls 1 percent on bearish April supply data

Malaysia's end-April palm oil inventories rose 7.1% month-on-month to a five-month high of 1.55 million tonnes, as production grew for a second consecutive month.

Published 10 May, 2021 05:14pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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