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Malaysian palm oil futures

Palm falls more than 4pc tracking weak US soyoil
Markets

Palm falls more than 4pc tracking weak US soyoil

  • The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed 4.1% lower, to 3,398 ringgit a tonne.
  • Soyoil contract on the CBOT fell 2.4%. Soybean oil prices on the Dalian dropped 1.9%, while its palm contract fell 1.6%.
Published 16 Jun, 2021 05:26pm
Palm oil snaps four-day losing streak, jumps 3.47pc
Markets

Palm oil snaps four-day losing streak, jumps 3.47pc

  • The benchmark palm oil contract for August delivery climbed 3.47% to close at 4,025 ringgit ($972.22).
  • CBOT soyoil prices rose 1.43% on Tuesday, while prices for Dalian's soyoil and palm oil contract advanced 1.42% and 1.43%, respectively.
Updated 25 May, 2021 05:09pm
Palm posts best day in 11 months on stronger exports, soyoil rally
Markets

Palm posts best day in 11 months on stronger exports, soyoil rally

  • The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange ended up 187 ringgit, or 4.83%, at 4,055 ringgit ($981.22) a tonne.
  • Refinitiv pegged the benchmark July delivery contract to rise towards a resistance of 4,080 ringgit to 4,100 ringgit a tonne this week.
Published 03 May, 2021 04:47pm
Palm oil jumps 3pc
Markets

Palm oil jumps 3pc

KUALA LUMPUR: Malaysian palm oil futures gained more than 3% on Friday on the back of tight supplies and stronger...
Published 17 Apr, 2021 03:28am
Palm jumps 2pc tracking soyoil, crude prices
Markets

Palm jumps 2pc tracking soyoil, crude prices

  • The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed higher 74 ringgit, or 2.03%, to 3,724 ringgit ($900.82) a tonne, after falling 3% in the previous session.
  • "We expect total supply to outstrip total demand leading to higher ending stocks of 1.53 million tonnes," he added.
Published 13 Apr, 2021 05:30pm