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Malaysian palm oil

Palm oil reverses gains
Markets

Palm oil reverses gains

SINGAPORE: Malaysian palm oil futures reversed earlier gains to fall 1% on Thursday, as top buyer India put its...
Published 20 Jun, 2021 03:39am
Palm oil closes at 13-year high as concerns over supply support
Markets

Palm oil closes at 13-year high as concerns over supply support

  • The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange finished up 166 ringgit, or 4.1%, to 4,210 ringgit ($1,021.84) a tonne.
  • "Demand is better, with palm being the cheapest vis-a-vis other competing oils. Thus, we anticipate prices to remain both defensive and firmer," he added.
Updated 06 May, 2021 05:08pm
Palm drops to five-week low on weak rival oils, sluggish demand
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