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Vegetable Oil

Palm oil prices to rebound next year
Vegetable Oil

Palm oil prices to rebound next year

Malaysian palm oil futures are expected to rebound next year after an extended slide through 2018 if an El Nino weather pattern predicted by experts reduces production, industry analyst Dorab Mistry said on Wednesday. Japan's national weather bureau said
Published 16 Dec, 2018 12:00am
Palm oil gains as output expected to decline
Vegetable Oil

Palm oil gains as output expected to decline

Malaysian palm oil futures rose more than 1 percent on Friday to a three-week peak, supported by expectations of slowing output in Malaysia and easing stock levels in Indonesia. The benchmark palm oil contract for February delivery on the Bursa Malaysia D
Published 15 Dec, 2018 12:00am
Malaysian palm oil futures rise
Vegetable Oil

Malaysian palm oil futures rise

Malaysian palm oil futures rose on Thursday, helped by steady crude oil prices and a broad improvement in global market sentiment. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,046
Published 14 Dec, 2018 12:00am
Palm oil futures end higher
Vegetable Oil

Palm oil futures end higher

Malaysian palm oil futures ended higher on Wednesday, buoyed by gains in soyaoil on the US Chicago Board of Trade after President Donald Trump said China was back in the market buying US beans. Trump said on Tuesday that China was buying a "tremendous amo
Published 13 Dec, 2018 12:00am
Malaysian palm oil drops
Vegetable Oil

Malaysian palm oil drops

Malaysian palm oil futures fell more than 1 percent on Tuesday evening, erasing most of the previous session's sharp gains, as falls in crude oil prices and expectations of higher inventories of the vegetable oil in December weighed on the market. The ben
Published 12 Dec, 2018 12:00am
China's November soyabean imports plunge 38 percent
Vegetable Oil

China's November soyabean imports plunge 38 percent

China imported 5.38 million tonnes of soyabeans in November, down 38 percent from a year ago and the lowest monthly number in two years, customs data showed on Saturday, after buyers avoided US soyabeans amid a tariff war with the United States. The world
Published 11 Dec, 2018 12:00am
Palm oil rebounds to one-week high
Vegetable Oil

Palm oil rebounds to one-week high

Malaysian palm oil futures reversed earlier losses to close over 2 percent higher on Monday, as official data showed falling output for the first time in five months. Data from industry regulator the Malaysian Palm Oil Board (MPOB) showed stocks last mont
Published 11 Dec, 2018 12:00am
Malaysian palm oil dips
Vegetable Oil

Malaysian palm oil dips

Malaysian palm oil futures were down at the midday break on Friday, set to chart a second week of losses, weighed down by weakness in related edible oils and crude oil. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivative
Published 08 Dec, 2018 12:00am
Malaysian palm oil recovers
Vegetable Oil

Malaysian palm oil recovers

Malaysian palm oil futures recovered from a one-week low hit earlier on Thursday as traders forecast slowing output amid some short-covering. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 0.5 percent
Published 07 Dec, 2018 12:00am
World food prices fall to lowest in over two years
Vegetable Oil

World food prices fall to lowest in over two years

World food prices declined in November to their lowest level in more than two years, led by declines in vegetable oils, dairy and cereal, the United Nations food agency said on Thursday. The Food and Agriculture Organization's (FAO) food price index, whic
Published 07 Dec, 2018 12:00am
Palm oil rebounds on correction
Vegetable Oil

Palm oil rebounds on correction

Malaysian palm oil futures reversed earlier losses to gain at the end of the trading day, supported by a correction and on strength in crude oil prices. The market had earlier been range trading, and was slightly down at the midday break ahead of a poll a
Published 05 Dec, 2018 12:00am
Malaysian palm oil slips nearly 2 percent
Vegetable Oil

Malaysian palm oil slips nearly 2 percent

Malaysian palm oil futures fell nearly 2 percent at the close of trade on Monday after reaching a more than one-week peak, hit by concerns over high stockpiles and expectations that Indonesia would remove its palm oil export levy.
Published 04 Dec, 2018 12:00am
Palm oil rises for third straight day
Vegetable Oil

Palm oil rises for third straight day

Malaysian palm oil futures closed higher for the third day in a row on Friday evening, supported by gains in related edible oils and ahead of US-China trade talks at the G20 meeting on Saturday. The benchmark palm oil contract for February delivery on the
Published 01 Dec, 2018 12:00am
Import duty on twenty items: PBC hails Indonesian decision
Vegetable Oil

Import duty on twenty items: PBC hails Indonesian decision

Pakistan Business Council, a business advocacy body, on Friday said that Indonesia has agreed to abolish import duty on twenty items from Pakistan, due to successful lobbying by the federal government. The PBC noted that hitherto, the duty on these items
Published 01 Dec, 2018 12:00am
Palm oil edges higher
Vegetable Oil

Palm oil edges higher

Malaysian palm oil futures touched a three-day high on Thursday on expectations that production gains will taper off at the end of the year. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percen
Published 30 Nov, 2018 12:00am
Malaysian palm up from three-year low
Currency

Malaysian palm up from three-year low

Palm oil futures in Malaysia recovered from a more than three-year low on Wednesday, helped by a weaker ringgit but soft demand and high inventory levels kept a lid on prices. Palm touched its lowest since August 2015 on Tuesday, falling 4.4 percent over
Published 29 Nov, 2018 12:00am
Palm oil hits 39-month low
Vegetable Oil

Palm oil hits 39-month low

Malaysian palm oil futures fell for a third day on Tuesday as a change in export levies by the world's top exporter Indonesia and weak demand weighed on the market. Palm oil extended Monday's 3.5 percent drop, the sharpest since Feb. 16 last year, after I
Published 28 Nov, 2018 12:00am
Indonesia's October palm oil output falls
Vegetable Oil

Indonesia's October palm oil output falls

Indonesia's palm oil production and exports fell in October from the previous month following the peak of the harvest season, while domestic consumption rose on demand for biodiesel, according to the median results of a Reuters survey. Palm oil output fel
Published 27 Nov, 2018 12:00am
Palm oil prices to rebound next year
Vegetable Oil

Palm oil prices to rebound next year

Malaysian palm oil futures are expected to rebound next year after an extended slide through 2018 if an El Nino weather pattern predicted by experts reduces production, industry analyst Dorab Mistry said on Wednesday.
Published 18 Nov, 2018 12:00am
Ukraine grain exports rise
Vegetable Oil

Ukraine grain exports rise

Ukrainian grain exports have already exceeded last season's level and reached 16 million tonnes thanks to large corn sales, Ukraine's state service for food safety said on Thursday. Ukraine has said it planned to harvest 64 million tonnes of grain this ye
Published 17 Nov, 2018 12:00am
Malaysian palm oil recovers from three-year low
Vegetable Oil

Malaysian palm oil recovers from three-year low

Malaysian palm oil futures snapped a seven-day losing streak on Thursday to rebound from their lowest level in more than three-years as gains in rival soyaoil sparked off bargain buying. The benchmark palm oil contract for January delivery on the Bursa Ma
Published 16 Nov, 2018 12:00am
Malaysian palm oil falls
Vegetable Oil

Malaysian palm oil falls

Malaysian palm oil futures fell below the 2,000 ringgit level for the first time in three years on Wednesday, weighed down by losses in related edible oils on China's Dalian Commodity Exchange and lower than forecast year-end inventory levels.
Published 15 Nov, 2018 12:00am
Palm falls over 1 percent on high stocks, weaker crude oil
Vegetable Oil

Palm falls over 1 percent on high stocks, weaker crude oil

Malaysian palm oil futures fell over 1 percent on Tuesday evening to trade around three-year lows, tracking weakness in crude oil and on existing concerns over high palm stocks. The benchmark palm oil contract for January delivery on the Bursa Malaysia De
Published 14 Nov, 2018 12:00am
Malaysian palm oil pares some losses
Vegetable Oil

Malaysian palm oil pares some losses

Malaysian palm oil futures pared some losses on Monday during the second half of trade, as official data showed lower-than- forecast inventory levels, but still ended lower after falling as much as 1 percent. The benchmark palm oil contract for January de
Published 13 Nov, 2018 12:00am
China's October soyabean imports jump 18 percent
Vegetable Oil

China's October soyabean imports jump 18 percent

China's soyabean imports jumped by nearly a fifth in October from a year earlier, customs data showed on Thursday, with buyers stocking up on Brazilian beans amid worries over tight supply in the fourth quarter due to the Sino-US trade war.
Published 13 Nov, 2018 12:00am
Palm oil hits lowest in over three years
Vegetable Oil

Palm oil hits lowest in over three years

Malaysian palm oil futures dropped over 2 percent to their lowest in more than three years on Friday, tracking weakness in soyaoil and as concerns of a slowdown in exports weighed. The benchmark palm oil contract for January delivery on the Bursa Malaysia
Published 10 Nov, 2018 12:00am
Palm oil falls over 1 percent, tracking soyaoil declines
Vegetable Oil

Palm oil falls over 1 percent, tracking soyaoil declines

Malaysian palm oil futures fell more than 1 percent to a fresh three-year low on Thursday, tracking weaker soyaoil on the US Chicago Board of Trade and on worries that rising production would add to inventories. The benchmark palm oil contract for January
Published 09 Nov, 2018 12:00am
Palm oil trades at three-year low
Vegetable Oil

Palm oil trades at three-year low

Malaysian palm oil futures dropped to a three-year low on Wednesday in its fifth day of declines in six, on expectations of rising inventory levels and tracking weakness in related edible oils. The benchmark palm oil contract for January delivery on the B
Published 08 Nov, 2018 12:00am
Activities at Karachi and Qasim Ports
Vegetable Oil

Activities at Karachi and Qasim Ports

The Karachi Port handled 145,870 tonnes of cargo comprising 99,633 tonnes of import cargo and 46,237 tonnes of export cargo including 9,725 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of
Published 08 Nov, 2018 12:00am