ANL 13.19 Increased By ▲ 0.65 (5.18%)
ASC 12.17 Decreased By ▼ -0.53 (-4.17%)
ASL 13.50 Increased By ▲ 0.04 (0.3%)
BOP 8.31 Decreased By ▼ -0.07 (-0.84%)
BYCO 5.75 Decreased By ▼ -0.21 (-3.52%)
FCCL 17.06 Decreased By ▼ -0.02 (-0.12%)
FFBL 23.61 Decreased By ▼ -0.44 (-1.83%)
FFL 10.05 Increased By ▲ 0.08 (0.8%)
FNEL 9.31 Increased By ▲ 0.06 (0.65%)
GGGL 13.80 Decreased By ▼ -0.20 (-1.43%)
GGL 26.75 Decreased By ▼ -0.30 (-1.11%)
HUMNL 5.66 Decreased By ▼ -0.07 (-1.22%)
JSCL 14.55 Decreased By ▼ -0.45 (-3%)
KAPCO 30.70 Decreased By ▼ -0.90 (-2.85%)
KEL 3.16 Decreased By ▼ -0.06 (-1.86%)
MDTL 2.09 Decreased By ▼ -0.12 (-5.43%)
MLCF 31.90 Decreased By ▼ -0.85 (-2.6%)
NETSOL 89.00 Decreased By ▼ -1.21 (-1.34%)
PACE 4.09 Decreased By ▼ -0.01 (-0.24%)
PAEL 20.42 Decreased By ▼ -0.09 (-0.44%)
PIBTL 7.27 Increased By ▲ 0.02 (0.28%)
POWER 6.31 Decreased By ▼ -0.08 (-1.25%)
PRL 11.80 Decreased By ▼ -0.15 (-1.26%)
PTC 8.69 Decreased By ▼ -0.11 (-1.25%)
SILK 1.19 Increased By ▲ 0.02 (1.71%)
SNGP 37.10 Decreased By ▼ -0.60 (-1.59%)
TELE 14.47 Decreased By ▼ -0.38 (-2.56%)
TRG 79.19 Increased By ▲ 1.51 (1.94%)
UNITY 21.85 Decreased By ▼ -1.05 (-4.59%)
WTL 2.00 Decreased By ▼ -0.03 (-1.48%)
BR100 4,381 Decreased By ▼ -0.12 (-0%)
BR30 16,972 Increased By ▲ 108.71 (0.64%)
KSE100 43,070 Decreased By ▼ -162.89 (-0.38%)
KSE30 16,652 Decreased By ▼ -65.96 (-0.39%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,777
1024hr
Pakistan Cases
1,287,161
33624hr
0.78% positivity
Sindh
476,830
Punjab
443,519
Balochistan
33,507
Islamabad
107,930
KPK
180,383

KUALA LUMPUR: Malaysian palm oil futures rose on Monday, paring sharp losses from the previous session, as industry estimates of weaker September output amid a surge in exports raised concerns over a decline in inventories.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rise 48 ringgit, or 1.07%, to 4,553 ringgit ($1,091.85) a tonne in early trade, after declining nearly 2% in the previous session.

Fundamentals

  • The Southern Peninsula Palm Oil Millers' Association estimated production in September declined 2.3% from the month before, traders said on Friday.

    • Exports of Malaysian palm oil products for September rose 43.2% to 1.7 million tonnes from August, cargo surveyor Societe Generale de Surveillance said on Friday.

Price of imported palm oil rises unprecedentedly by over 100pc

  • India's palm oil imports in September more than doubled from a year ago to a record 1.4 million tonnes as buyers increased purchases of refined palm oil ahead of key festivals and to take advantage of newly lowered duties.

    • Soyoil prices on the Chicago Board of Trade were down 1.12%. The Dalian exchange is closed until Thursday for a public holiday.

    • Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

    • Bursa Malaysia derivatives launched its new East Malaysian Crude Palm Oil Futures contract on Monday, providing investors with an avenue for price discovery of the market in East Malaysia.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.