Trends - Palm Oil - Business Recorder

Palm Oil

Palm extends losses on cheaper rival oils

Meanwhile, Dalian's most-active soyoil contract fell 1.4% and its palm oil contract dropped 0.8%.

Published 25 Jan, 2021 12:48pm

Markets

Palm oil may rise into 3,348-3,381 ringgit range

This bounce is expected to extend towards the peak of a wave 4 around 3,348 ringgit.

Published 25 Jan, 2021 10:25am

Markets

Canadian canola futures rebound

WINNIPEG: ICE Canadian canola futures rebounded on Thursday and halted a three-day slide, rising with palm and...

Published 23 Jan, 2021 03:56am

Markets

Palm oil posts 4pc weekly decline

KUALA LUMPUR: Malaysian palm oil futures eased on Friday and logged its second weekly loss, as tepid January exports...

Published 23 Jan, 2021 03:56am

Markets

CBOT soybeans may fall to $13.27-3/4

A retracement analysis on the uptrend from $11.43 to $14.35-3/4 reveals a similar target of $13.23-3/4, the 38.2% level.

Published 22 Jan, 2021 12:35pm

Markets

SAU, Dalda Foundation to establish oil palm tissue culture lab

HYDERABAD: Sindh Agriculture University (SAU), Tandojam would revise the MoU to conduct research, development and...

Published 22 Jan, 2021 04:47am

Markets

Palm oil climbs

KUALA LUMPUR: Malaysian palm oil futures climbed on Thursday, recovering from a near two-and-a-half-month closing ...

Published 22 Jan, 2021 04:47am

Markets

Palm ends two-day decline as floods raise supply worries

Palm oil prices are forecast to average at 2,800 ringgit ($694.96) a tonne this year, its highest since 2012, according to the poll.

Published 21 Jan, 2021 08:38pm

Markets

Palm oil may end drop in 3,173-3,221 ringgit range

On the daily chart, a spinning top formed around a support at 3,274 ringgit on Monday. Even though it proved to be a failed reversal signal, it does suggest the fall is ending.

Published 20 Jan, 2021 12:08pm

Markets

Palm extends falls on expectation of further drop in exports

Palm declined 2.5% in the previous session to hit its lowest close in nearly two months.

Published 20 Jan, 2021 11:47am

Markets

Palm oil tumbles

KUALA LUMPUR: Malaysian palm oil futures fell 2% on Tuesday, closing at its lowest in almost two months, on worries...

Published 20 Jan, 2021 04:29am

Markets

Palm oil may test resistance at 3,381 ringgit

A break below 3,300 ringgit could cause a drop to 3,221 ringgit.

Published 19 Jan, 2021 11:24am

Markets

Palm oil slips 1% on demand worries ahead of export data

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange slid 42 ringgit, or 1.25%, to 3,308 ringgit ($817.60) during early trade.

Published 19 Jan, 2021 10:43am

Markets

Palm oil snaps 5-day losing streak on fears of lower output

Palm ends five-day decline.
Contract logs lowest closing since Dec. 3.
Demand low, supply tight –broker.

Published 18 Jan, 2021 06:02pm

Markets

Palm oil may test support at 3,300 ringgit

The drop observes a set of projection levels on the uptrend from 2,764 ringgit. The nearest support is at 3,300 ringgit, the 161.8% level.

Published 18 Jan, 2021 11:22am

World

Malaysia takes WTO legal action against EU over palm

KUALA LUMPUR: Malaysia is taking legal action at the global trade watchdog against the European Union and member...

Published 17 Jan, 2021 04:13am

Markets

Canadian canola futures mixed

WINNIPEG: ICE Canadian canola futures ended mixed on Friday, weighed down by losses in larger oilseed markets on...

Published 17 Jan, 2021 04:13am

Markets

Palm oil may bounce into 3,592-3,631 ringgit range before falling

On the daily chart, the drop triggered by the key resistance at 3,856 ringgit looks so decent that it suggests a completion the wave C from 2,691 ringgit.

Published 15 Jan, 2021 11:23am

Markets

Palm oil rises 1%, but set for biggest weekly drop in nearly four months

CBOT soybeans are on track for their fifth weekly gain as the US government's forecast of tightening global supplies supported prices.

Published 15 Jan, 2021 10:51am

Markets

Palm oil may fall into 3,592-3,631 ringgit range

On the daily chart, the drop triggered by the key resistance at 3,856 ringgit looks so decent that it suggests a completion the wave C from 2,691 ringgit.

Published 14 Jan, 2021 11:49am

Markets

Palm oil at two-week low as Malaysia maintains high export duty

Dalian's most-active soyoil contract and its palm oil contract fell 2.4%. Soyoil prices on the Chicago Board of Trade were down 0.3%.

Published 14 Jan, 2021 11:25am

Markets

Palm oil may test resistance at 3,757 ringgit

The correction triggered by the resistance at 3,883 ringgit was driven by a wave 4, which may have ended around 3,679 ringgit, as suggested by its three-wave structure and the bounce from the Tuesday low of 3,690 riniggit.

Published 13 Jan, 2021 10:25am

Markets

Palm gains 1% as US cuts soybean supply forecast

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 39 ringgit.

Published 13 Jan, 2021 10:15am

Markets

Wheat up 10-12 cents, soy up 5-7 cents, corn up 1-3 cents

Egypt has canceled an international tender to buy wheat with no purchase made, the country's state grain buyer said.
The CBOT's most-active corn contract gained in overnight trading in anticipation of a tightened supply and demand picture in Tuesday's USDA report.

Published 12 Jan, 2021 09:02pm

Markets

Palm oil hits 1-week low on exports drop, weaker Dalian oils

"We expect output to be lower due to seasonal factors, as well as heavier-than-usual rainfall in some key palm oil regions."

Published 12 Jan, 2021 12:25pm

Markets

Palm falls as Jan 1-10 exports plunge

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 20 ringgit, or 0.5%, to 3,810 ringgit ($942.60) a tonne in early trade.

Published 11 Jan, 2021 11:36am

Markets

Indonesia refined palm oil exports to rise in 2021 on tax changes

"We should now see a reordering of trade in palm products. Malaysia will be the key origin for CPO, Indonesia, thanks to tax incentives, will lead exports of processed products," Fry said.

Published 11 Jan, 2021 11:02am

Markets

Malaysia end-Dec palm oil stocks fall to 1.26mn tonnes

Crude palm oil production fell 10.6% from November to 1.33 million tonnes.

Published 11 Jan, 2021 11:00am

Markets

Palm oil climbs for fourth week on hopes of December supply squeeze

Palm logs 6% weekly rise, up for fourth straight week.
Market awaiting fresh data for catalyst -analyst.

Published 08 Jan, 2021 05:49pm

Markets

Palm oil eases, but set to log fourth straight weekly rise

Palm falls for second straight day.
Palm set to log 5% weekly rise.

Published 08 Jan, 2021 12:11pm

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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