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Malaysian palm oil futures

Palm oil rises over 1pc tracking soyoil, improving exports
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
Palm oil edges up tracking soyoil, on signs of improving exports
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
Palm oil supply and demand prospects halt two-week price decline
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
Palm falls tracking rival oils
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
Palm reverses earlier losses on lower supply, better demand expectations
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
Palm gains over 2pc on costlier US soyoil, weaker ringgit
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
Palm oil slumps 5pc on fears of plunge in January exports
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
Palm falls as Jan 1-10 exports plunge
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