Trends - benchmark palm oil - Business Recorder

benchmark palm oil

Malaysian palm oil rises

KUALA LUMPUR: Malaysian palm oil futures rose on Friday and were on course for a third straight annual gain, with...

Published 02 Jan, 2022 05:05am

Markets

Palm oil ends lower on weaker rivals

KUALA LUMPUR: Malaysian palm oil futures ended lower on Monday, dragged by weakening rival oils, but prices were...

Published 14 Dec, 2021 06:40am

Markets

Palm ends over 2pc higher

KUALA LUMPUR: Malaysian palm oil futures closed more than 2% higher on Monday, paring losses from the previous...

Published 07 Dec, 2021 06:29am

Markets

Palm tracks gains in rivals to rise for second day

SINGAPORE: Malaysian palm oil futures extended gains for a second day on Thursday, as the ringgit weakened and they...

Published 26 Nov, 2021 05:15am

Markets

Palm snaps two-day climb

KUALA LUMPUR: Malaysian palm oil futures eased on Tuesday, ending two straight sessions of gains on slow export...

Published 25 Aug, 2021 04:43am

Markets

Palm oil ticks up on soyoil strength, low inventory forecast

March end-stocks seen only 1.3% higher.
April crude palm oil prices seen at 3,500-4,000 rgt/t. -analyst
End-2021 stocks likely to fall for third year – MPOC.

Published 05 Apr, 2021 05:44pm

Markets

Palm oil supply and demand prospects halt two-week price decline

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slipped by 2 ringgit, or 0.05%, to 3,739 ringgit ($903.58) a tonne after rising as much as 1% earlier in the day. For the week, it was up 1.3%.
"Overall, the market is anticipating April exports to be a tad better versus March. With tight end-stocks and better than expected exports, prices are expected to remain firmer," he added.

Published 02 Apr, 2021 07:10pm

Markets

Palm drops to five-week low on weak rival oils, sluggish demand

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange dropped 4.6% to 3,574 ringgit ($861.41) a tonne at closing time, the lowest closing level since Feb. 22.
Palm oil tracked rival soyoil down as soy was pressured by an upbeat planting outlook in the U.S, a palm oil trader in Kuala Lumpur said.

Published 30 Mar, 2021 05:59pm

Markets

Palm edges up on technicals, lower-than-expected production data

Palm reverses to end Monday higher.
Technical rebound after heavy selldown week prior – trader.
Lower-than-expected production data also lent support – broker.

Published 29 Mar, 2021 06:11pm

Markets

Palm oil falls more than 1pc on cheaper crude oil, soyoil

Breather for palm oil after weeks of volatile moves -analyst
Market sluggish after analysts say bullish factors priced in

Published 25 Mar, 2021 05:32pm

Markets

Palm oil jumps 3pc as March export data improves

Palm oil ends two days of sharp losses.
March 1-20 exports gain between 5% and 7% -cargo surveyors.
Surge in India's COVID-19 cases raise demand concerns –broker.

Updated 22 Mar, 2021 06:29pm

Markets

Palm posts longest winning streak since 2002, gains for 11th day

Production expected to rise in Indonesia, Malaysia – trader.
Malaysia keeps April export duty at 8%, raises reference price.
Rally in agricultural prices seen temporary – economist.

Published 17 Mar, 2021 05:27pm

Markets

Palm oil gains for third day on expectations of weak January supply

The contract fell 3.3% last week.

Published 08 Feb, 2021 11:12am

Markets

Malaysia palm reverses gains to catch up with cheaper rivals

Meanwhile, Indonesia set crude palm oil reference prices higher for February, increasing both export tax and levies.

Published 29 Jan, 2021 11:00am

Markets

Palm oil snaps 5-day losing streak on fears of lower output

Palm ends five-day decline.
Contract logs lowest closing since Dec. 3.
Demand low, supply tight –broker.

Published 18 Jan, 2021 06:02pm

Markets

Palm oil climbs for fourth week on hopes of December supply squeeze

Palm logs 6% weekly rise, up for fourth straight week.
Market awaiting fresh data for catalyst -analyst.

Published 08 Jan, 2021 05:49pm

Markets

Palm oil climbs 3pc, holds near 10-year high as soyoil surges on supply worries

Palm extends rally for sixth day.
Low inventory, floods to support Jan palm prices –analyst.
High palm prices may hurt export demand.

Published 06 Jan, 2021 04:50pm

Markets

Palm oil holds near 10-year high on tight supply outlook, stronger Dalian

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

Published 06 Jan, 2021 12:55pm

Markets

Palm oil eases from near 10-month highs tracking weaker Dalian oils

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange slid 31 ringgit, or 0.83%, to 3,693 ringgit ($921.41) a tonne during early trade.

Published 05 Jan, 2021 09:54am

Markets

Palm tracks soyoil fall ahead of talks to end Argentine labour strike

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 12 ringgit, or 0.34%, to 3,530 ringgit ($871.60) a tonne during early trade.

Published 29 Dec, 2020 09:19am

Markets

Palm snaps three-session winning streak as Dalian oils fall

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

Published 28 Dec, 2020 11:44am

Markets

Palm edges up, tracking rival oils as Argentine exports slow

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 34 ringgit, or 1%, to 3,569 ringgit ($879.28) a tonne.
CBOT soyoil climbed 1.3%, while soy and palm oils on the Dalian Commodity Exchange rose 3.5% and 5.2%, respectively.

Published 24 Dec, 2020 05:59pm

Markets

Palm oil rises for third day; Malaysian export tax eyed

The market expects output in December to remain squeezed as rainy weather brought on by La Nina is expected to persist until the first quarter of next year.

Published 14 Dec, 2020 10:29am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 21	277.82
USD PKR Interbank Buying / Oct 21	277.60
USD to Japanese Yen / Oct 22	150.86
USD to Swiss Franc / Oct 22	0.87
Pound Sterling to USD / Oct 22	1.30
Euro to USD / Oct 22	1.08

Stock	Volume
S&P 500 / Oct 21	5,853.98
Nasdaq / Oct 21	18,540.01
FTSE 100 / Oct 21	8,318.24
Dow Jones / Oct 21	42,931.60
Germany DAX 30 / Oct 21	19,461.19
France CAC40 / Oct 21	7,536.23
India Sensex / Oct 22	80,819.52
Tokyo Nikkei / Oct 22	38,436.98

Item	Value
Gold 10 Grams PKR / Oct 21	242,027
Petrol/Litre / Oct 22	247.03
Crude Oil USD/Barrel / Oct 22	70.33
Karachi Cotton PKR/37.32 KG / Oct 22	18,085
Gold Spot USD/Ounce / Oct 22	2,734.40
Diesel/Litre / Oct 22	251.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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