ANL 31.10 Increased By ▲ 0.42 (1.37%)
ASC 14.10 Decreased By ▼ -0.84 (-5.62%)
ASL 23.60 Decreased By ▼ -0.30 (-1.26%)
AVN 92.40 Increased By ▲ 0.40 (0.43%)
BOP 9.10 Decreased By ▼ -0.04 (-0.44%)
BYCO 9.80 Decreased By ▼ -0.45 (-4.39%)
DGKC 133.50 Decreased By ▼ -2.10 (-1.55%)
EPCL 51.10 Increased By ▲ 1.10 (2.2%)
FCCL 24.25 Decreased By ▼ -0.37 (-1.5%)
FFBL 23.86 Decreased By ▼ -0.39 (-1.61%)
FFL 15.25 Decreased By ▼ -0.35 (-2.24%)
HASCOL 10.74 No Change ▼ 0.00 (0%)
HUBC 84.37 Decreased By ▼ -0.83 (-0.97%)
HUMNL 6.92 Decreased By ▼ -0.43 (-5.85%)
JSCL 24.11 Decreased By ▼ -0.74 (-2.98%)
KAPCO 36.75 Decreased By ▼ -1.10 (-2.91%)
KEL 4.06 Decreased By ▼ -0.09 (-2.17%)
LOTCHEM 14.20 Decreased By ▼ -0.58 (-3.92%)
MLCF 46.21 Decreased By ▼ -0.39 (-0.84%)
PAEL 36.50 Decreased By ▼ -1.75 (-4.58%)
PIBTL 11.58 Decreased By ▼ -0.22 (-1.86%)
POWER 10.30 Decreased By ▼ -0.20 (-1.9%)
PPL 89.60 Decreased By ▼ -0.95 (-1.05%)
PRL 24.95 Decreased By ▼ -1.15 (-4.41%)
PTC 8.73 Decreased By ▼ -0.22 (-2.46%)
SILK 1.41 Increased By ▲ 0.01 (0.71%)
SNGP 37.75 Decreased By ▼ -0.35 (-0.92%)
TRG 139.49 Decreased By ▼ -1.61 (-1.14%)
UNITY 29.27 Decreased By ▼ -2.23 (-7.08%)
WTL 1.53 Decreased By ▼ -0.04 (-2.55%)
BR100 4,860 Decreased By ▼ -76.23 (-1.54%)
BR30 25,034 Decreased By ▼ -369.4 (-1.45%)
KSE100 45,242 Decreased By ▼ -622.63 (-1.36%)
KSE30 18,896 Decreased By ▼ -277.27 (-1.45%)

KUALA LUMPUR: Malaysian palm oil futures climbed on Thursday, recovering from a near two-and-a-half-month closing low hit in the previous session, as heavy rains and floods in the top two producing countries stoked concerns over output.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange closed up 62 ringgit, or 1.9%, at 3,283 ringgit ($814.64) a tonne.

“Crude palm oil futures snapped two days of steep losses on bargain buying and higher soybean oil close on the Chicago Board of Trade, but mixed Dalian and firmer ringgit were capping gains,” said Sathia Varqa, co-founder of Singapore-based Palm Oil Analytics.

Indonesia’s production in 2021 is seen rising 1.8% from the year before to 48.3 million tonnes, while rival Malaysia’s production is pegged to rebound by 2.4% to 19.6 million tonnes, a Reuters poll showed.

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.

Dalian’s most-active soyoil contract gained 0.6%, while its palm oil contract fell 0.1%.