Trends - Malaysian palm oil futures

Malaysian palm oil futures

Palm slumps 3pc to one-week low as March stocks exceed estimates

End-March stocks, production rise more than expected
Buying in India slows due to surge in COVID-19 cases

Published 12 Apr, 2021 06:02pm

Markets

Palm oil rises over 1pc tracking soyoil, improving exports

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 51 ringgit, or 1.36%, to 3,790 ringgit ($917.23) a tonne by the midday break.
The recent rally in futures also supported the cash market prices to balloon and keep crude palm oil import margins in positive territory.

Published 06 Apr, 2021 12:18pm

Markets

Palm oil edges up tracking soyoil, on signs of improving exports

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 38 ringgit, or 1.02%, to 3,777 ringgit ($914.09) a tonne during early trade.
Sri Lanka on Monday banned imports of palm oil and new palm plantations, and told producers to uproot existing plantations in a phased manner, in a surprise move that baffled the edible oil industry.

Published 06 Apr, 2021 10:25am

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 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 falls tracking rival oils

"Weakness in commodities across the board may weigh and keep prices in negative territory," a Kuala Lumpur-based trader said.

Published 29 Mar, 2021 11:51am

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 reverses earlier losses on lower supply, better demand expectations

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed at 3,930 ringgit ($951.80) per tonne, unchanged from the previous session, after falling to as low as 3,862 ringgit earlier.
Oil prices edged higher as investors looked for bargains following the previous day's plunge, making palm a more attractive option for biodiesel feedstock.

Published 24 Mar, 2021 05:19pm

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 ends three-day loss tracking soyoil, rising stocks outlook weigh

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed up 37 ringgit, or 1.02%, at 3,679 ringgit ($908.62) a tonne.
CGS-CIMB pegged crude palm oil output at 1.13 million tonnes, little changed from the previous month.

Published 03 Mar, 2021 05:52pm

Markets

Palm oil eases from six-week highs, set for 7% monthly gain

Dalian's most-active soyoil contract was unchanged, while its palm oil contract gained 0.3%. Soyoil prices on the Chicago Board of Trade were down 0.8%.

Published 26 Feb, 2021 12:20pm

Markets

Palm gains over 2pc on costlier US soyoil, weaker ringgit

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 99 ringgit, or 2.8%, to 3,634 ringgit ($900.17) a tonne.
CBOT soyoil rose for a third straight session on Wednesday as extremely cold weather in key US growing areas raised worries about global supplies.

Published 17 Feb, 2021 08:44pm

Markets

Palm rises over 2% on higher exports, costlier soyoil

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

Published 16 Feb, 2021 11:53am

Markets

Palm oil snaps 5-day rally ahead of Lunar New Year holiday

Also weighing on prices, soyoil on the Chicago Board of Trade fell 0.3%.

Published 11 Feb, 2021 12:37pm

Markets

Palm oil snaps 4-day rally as USDA reports upbeat soybean stock estimates

Agriculture (USDA) reported higher than expected soybean stocks estimates, but hopes of higher exports during Feb. 1-10 limited losses.

Published 10 Feb, 2021 11:52am

Markets

Palm oil tumbles 3% tracking weaker Dalian, soyoil

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange slid 102 ringgit, or 3%, to 3,289 ringgit a tonne during early trade.

Published 03 Feb, 2021 12:12pm

Markets

Palm oil falls nearly 2% on weak Jan exports, higher Indian tax

The contract rose 6% last week, snapping two consecutive weeks of losses after top producer Indonesia set higher tariffs on crude palm oil.

Published 02 Feb, 2021 10:10am

Markets

Malaysia palm oil jumps over 2% on higher US soyoil prices

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 82 ringgit, or 2.5%, to 3,348 ringgit ($827.89) a tonne by midday.

Published 27 Jan, 2021 02:53pm

Markets

Palm oil rebounds on stronger rival oils; falling exports cap gains

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 31 ringgit, or 1%, to 3,273 ringgit ($809.75) a tonne during early trade. It had posted its second straight weekly loss last week.

Published 26 Jan, 2021 11:51am

Markets

Palm oil rises 1%, but set for biggest weekly drop in nearly four months

CBOT soybeans are on track for their fifth weekly gain as the US government's forecast of tightening global supplies supported prices.

Published 15 Jan, 2021 10:51am

Markets

Palm oil slumps 5pc on fears of plunge in January exports

Palm oil's biggest daily drop in eight months was mainly due to apprehensions of Malaysia's exports falling 40% during Jan. 1 to 15 on-month.
Both India and China are in resting mode after buying heavily in November and December prior to higher export duties and levies coming in place.

Published 14 Jan, 2021 05:57pm

Markets

Palm gains 1% as US cuts soybean supply forecast

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 39 ringgit.

Published 13 Jan, 2021 10:15am

Markets

Palm oil hits 1-week low on exports drop, weaker Dalian oils

"We expect output to be lower due to seasonal factors, as well as heavier-than-usual rainfall in some key palm oil regions."

Published 12 Jan, 2021 12:25pm

Markets

Palm falls as Jan 1-10 exports plunge

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 20 ringgit, or 0.5%, to 3,810 ringgit ($942.60) a tonne in early trade.

Published 11 Jan, 2021 11:36am

Markets

Palm oil gains for sixth day on stronger crude, tight supply outlook

The contract hit its highest since Feb. 16, 2011.

Published 06 Jan, 2021 12:59pm

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 higher, rises to highest since 2011

Palm marked its second year of growth in 2020 last week, as demand remained firm amid tightening supplies due to unfavourable weather and infrastructure issues.

Published 04 Jan, 2021 09:58am

Markets

Palm rises for second day; firmer ringgit, cheaper US soyoil cap gains

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

Published 30 Dec, 2020 10:16am

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 tracks fall in Dalian oils as China's US soybean imports surge

Both the soyoil and palm oil contracts on the Dalian exchange declined 0.5% as China's US soybeans imports surged.

Published 28 Dec, 2020 09:30am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Petrol/Litre / May 10	288.49
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Diesel/Litre / May 10	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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