Trends - Palm Oil - Business Recorder

Markets

Palm oil reverses early gains

KUALA LUMPUR: Malaysian palm oil futures eased on Tuesday, snapping a five-day winning streak, as export demand from...

Published 07 Jul, 2021 04:28am

Markets

Palm oil rises over 2pc

KUALA LUMPUR: Malaysian palm oil futures extended a four-day winning streak on Monday, lifted by robust export...

Published 06 Jul, 2021 03:48am

Markets

India allows refined palm oil shipments

MUMBAI: India on Wednesday allowed imports of refined palm oil for six months, the government said in a ...

Published 02 Jul, 2021 04:19am

Markets

Palm oil hits near 3-week peak

KUALA LUMPUR: Malaysian palm oil futures scaled to a near three-weak peak on Thursday, extending gains for a third...

Published 02 Jul, 2021 04:19am

Markets

Palm hits near three-week peak as India lifts curbs on refined oils

Palm oil close at highest since June 11.
New Indian rules to boost palm oil imports.

Updated 01 Jul, 2021 04:50pm

Markets

Malaysian palm oil giant accused of mistreating workers

KUALA LUMPUR: Migrant workers employed by a Malaysian palm oil giant have faced mistreatment ranging from physical...

Published 01 Jul, 2021 04:09am

Markets

Palm oil hits near three-week high

KUALA LUMPUR: Malaysian palm oil futures closed at a near three-week peak on Wednesday, after the world’s biggest...

Published 01 Jul, 2021 04:09am

Markets

Palm oil jumps over 3% after India reduces import tax

Palm rose for a second straight day to its highest level since June 11

Published 30 Jun, 2021 10:47am

Markets

Palm oil ends at two-week high

KUALA LUMPUR: Malaysian palm oil futures closed at a two-week peak on Tuesday, reversing early losses, buoyed by...

Published 30 Jun, 2021 03:54am

Markets

Malaysian palm oil slips

KUALA LUMPUR: Malaysian palm oil futures eased on Monday, tracking a sharp drop in rival Chicago soyaoil on Friday...

Published 29 Jun, 2021 03:24am

Markets

Palm slips on demand worries for rival soyoil after US court ruling

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed down 19 ringgit, or 0.54%, to 3,501 ringgit ($845.04) a tonne.

Published 28 Jun, 2021 06:18pm

Markets

Malaysian palm oil gains over 2pc

KUALA LUMPUR: Malaysian palm oil futures rose more than 2% on Friday and logged their first weekly gain in three,...

Published 27 Jun, 2021 03:56am

Markets

Malaysian palm oil ease

KUALA LUMPUR: Malaysian palm oil futures ticked down Thursday, declining for the third time in four sessions, ...

Published 25 Jun, 2021 04:20am

Business & Finance

Palm oil imports increase 40.61% to $2.397bn in 11 months

The palm oil imports during July-May (2020-21) were recorded at $2397.316 million against the imports of $1704.909 million during July-May (2019-20).

Published 24 Jun, 2021 03:19pm

Markets

Malaysian palm oil rises

KUALA LUMPUR: Malaysian palm oil futures ended over 1% higher on Wednesday, lifted by signs of improving demand and...

Published 24 Jun, 2021 03:36am

Markets

Palm oil ends flat

KUALA LUMPUR: Malaysian palm oil futures surrendered early gains to end little changed on Tuesday, dragged by...

Published 23 Jun, 2021 04:26am

Markets

Palm oil declines on Indonesia’s plan

KUALA LUMPUR: Malaysian palm oil futures fell on Monday, extending last week’s losses on news of Indonesia’s ...

Published 22 Jun, 2021 04:46am

Markets

Palm declines on Indonesia's plan to revise export levy.

Palm oil extends last week's decline.
June 1-20 exports fell between 0.8% and 1.8% m/m.
Indonesia to reduce ceiling rate for export levy system.

Published 21 Jun, 2021 05:25pm

Markets

Palm oil reverses gains

SINGAPORE: Malaysian palm oil futures reversed earlier gains to fall 1% on Thursday, as top buyer India put its...

Published 20 Jun, 2021 03:39am

Markets

Dalian palm options make debut as first available to foreign investors

SHANGHAI: China launched its palm oil options on the Dalian Commodity Exchange on Friday, the country’s first...

Published 19 Jun, 2021 03:23am

Markets

Palm reverses course to trade up 1pc on stronger US soyoil

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed up 38 ringgit, or 1.1%, at 3,415 ringgit ($825.48) a tonne.
CBOT's soybean oil contract was up 4.5% after a 9.2% drop on Thursday.

Updated 18 Jun, 2021 05:21pm

Business

India delays proposal to cut import tax on edible oils

NEW DELHI/MUMBAI: India has put on hold a proposal to reduce import taxes on edible oils as cooking oil prices...

Published 18 Jun, 2021 04:16am

Markets

Palm oil rises more than 6pc

SINGAPORE/JAKARTA: Malaysian palm oil futures jumped more than 6% on Tuesday, snapping a six-day losing streak,...

Published 16 Jun, 2021 03:39am

Markets

China’s edible oil futures plunge

SHANGHAI: China’s edible oil futures plunged on Tuesday, as trading resumed after a national holiday, following...

Published 16 Jun, 2021 03:39am

Markets

Palm gains more than 6pc on bargain-hunting, soyoil strength

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed 6.2% higher at 3,583 ringgit ($870.72) a tonne.
CBOT soybean futures reversed previous losses, with its soyoil contract rising 1.3%.

Updated 15 Jun, 2021 05:30pm

Markets

Palm oil ends at over 4-mth low

SINGAPORE: Malaysian palm oil futures ended at a more than four-month low on Monday, extending losses for a sixth...

Published 15 Jun, 2021 03:30am

Markets

Palm oil ends at over 4-month low on weaker soyoil, sliding demand

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange fell 285 ringgit, or 7.8%, to 3,378 ringgit ($821.30) a tonne, its lowest since Feb. 5.

Updated 14 Jun, 2021 05:10pm

Markets

Palm oil falls to seven-week low on tepid June exports

Malaysia's June 1-10 exports fall 14%.
MPOB May supply and demand data below expectations.
May stocks rose only 1.49% to 1.57mn tonne–MPOB.

Published 10 Jun, 2021 05:58pm

Markets

Palm oil hits over 5-week low

KUALA LUMPUR: Malaysian palm oil futures dropped nearly 5% to a more than five-week low on Wednesday, dragged down ...

Published 10 Jun, 2021 03:22am

Markets

Malaysia's KLK offers $372mn for majority stake in IJM Plantations

IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the country, offering to acquire its 56.2% equity holding at 3.10 ringgit per share.
The offer, at a 26% premium to IJM Plantations' last traded share price of 2.46 ringgit, values the palm oil producer at 2.73 billion ringgit.

Updated 09 Jun, 2021 06:19pm