AGL 6.90 Increased By ▲ 0.45 (6.98%)
ANL 9.77 Increased By ▲ 0.07 (0.72%)
AVN 76.82 Decreased By ▼ -0.78 (-1.01%)
BOP 5.49 Increased By ▲ 0.06 (1.1%)
CNERGY 5.05 Increased By ▲ 0.08 (1.61%)
EFERT 79.83 Increased By ▲ 2.58 (3.34%)
EPCL 57.48 Increased By ▲ 1.99 (3.59%)
FCCL 15.30 Decreased By ▼ -0.06 (-0.39%)
FFL 6.48 No Change ▼ 0.00 (0%)
FLYNG 7.34 Decreased By ▼ -0.13 (-1.74%)
GGGL 10.75 Increased By ▲ 0.30 (2.87%)
GGL 16.94 Increased By ▲ 0.55 (3.36%)
GTECH 8.30 Decreased By ▼ -0.07 (-0.84%)
HUMNL 6.45 No Change ▼ 0.00 (0%)
KEL 3.02 Increased By ▲ 0.09 (3.07%)
LOTCHEM 29.15 Increased By ▲ 0.81 (2.86%)
MLCF 28.30 Increased By ▲ 0.22 (0.78%)
OGDC 76.53 Increased By ▲ 2.68 (3.63%)
PAEL 15.87 Increased By ▲ 0.32 (2.06%)
PIBTL 5.43 Increased By ▲ 0.08 (1.5%)
PRL 17.69 Increased By ▲ 0.30 (1.73%)
SILK 1.08 Increased By ▲ 0.01 (0.93%)
TELE 10.82 Decreased By ▼ -0.14 (-1.28%)
TPL 8.60 Increased By ▲ 0.79 (10.12%)
TPLP 21.19 Increased By ▲ 1.53 (7.78%)
TREET 23.80 Decreased By ▼ -0.05 (-0.21%)
TRG 127.50 Increased By ▲ 0.60 (0.47%)
UNITY 23.10 Increased By ▲ 0.04 (0.17%)
WAVES 11.63 Increased By ▲ 0.08 (0.69%)
WTL 1.14 No Change ▼ 0.00 (0%)
BR100 4,174 Increased By 48.3 (1.17%)
BR30 15,806 Increased By 310.9 (2.01%)
KSE100 41,518 Increased By 366.7 (0.89%)
KSE30 15,562 Increased By 142.1 (0.92%)
Follow us

KUALA LUMPUR: Malaysian palm oil futures fell on Friday and were on course for a weekly decline, tracking losses in rival soyoil, as traders appeared to have shrugged off data that showed improving March exports.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slipped 45 ringgit, or 0.79%, to 5,660 ringgit ($1,344.42) a tonne during early trade, on course for a third daily decline.

For the week, the contract lost 6.2% so far. Malaysia’s palm oil exports in March rose between 6.7% and 7.4% from prior month as shipments to China and India picked up, cargo surveyors said on Thursday.

Soyoil prices on the Chicago Board of Trade ticked up after a 3% overnight plunge as the US Department of Agriculture (USDA) forecast US 2022 soybean plantings at a record high.

Dalian’s most-active soyoil contract fell 0.3%, while its palm oil contract lost 1.5%. Russia said it will ban exports of sunflower seeds from Friday until the end of August and impose an export quota on sunflower oil to avoid shortages and ease pressure on domestic prices.

Top edible oil buyer India has raised the base import prices of palm oil and soyoil as prices jumped in overseas markets. Palm oil may test a support at 5,606 ringgit per tonne, a break below may cause a fall into 5,384-5,512 ringgit range, Reuters technical analyst Wang Tao said.

Comments

Comments are closed.