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Topic

oil palm technology

Palm reverses course to trade up 1pc on stronger US soyoil

Palm reverses course to trade up 1pc on stronger US soyoil

Updated 18 Jun, 2021 05:21pm
  • The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed up 38 ringgit, or 1.1%, at 3,415 ringgit ($825.48) a tonne.
  • CBOT's soybean oil contract was up 4.5% after a 9.2% drop on Thursday.
Palm falls more than 4pc tracking weak US soyoil

Palm falls more than 4pc tracking weak US soyoil

Published 16 Jun, 2021 05:26pm
  • 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%.
Malaysia's KLK offers $372mn for majority stake in IJM Plantations

Malaysia's KLK offers $372mn for majority stake in IJM Plantations

Updated 09 Jun, 2021 06:19pm
  • IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the country, offering to acquire its 56.2% equity holding at 3.10 ringgit per share.
  • The offer, at a 26% premium to IJM Plantations' last traded share price of 2.46 ringgit, values the palm oil producer at 2.73 billion ringgit.
Palm falls over 3pc on profit booking ahead of holiday, cheaper rivals weigh

Palm falls over 3pc on profit booking ahead of holiday, cheaper rivals weigh

Published 28 Apr, 2021 04:58pm
  • The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange fell to 3,942 ringgit ($961.46) per tonne, after closing 4.7% higher on Tuesday, its biggest jump in 11 months.
  • On the Chicago Board of Trade, the soybean oil contract fell 3.6%, while the Dalian Commodity Exchange's soyoil contract declined 1%.
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