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Topic

palm oil company

Palm dips, posts biggest weekly gain in over a month

Palm dips, posts biggest weekly gain in over a month

Published 24 Sep, 2021 05:17pm
  • Palm reverses earlier gains
  • Contract still posts biggest weekly gain in six
  • Sentiment cautious ahead of export data: traders
  • Palm could moderate to average slightly below 4,000 rgt
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%.
Palm oil rises over 2pc as Chicago soybean prices rally

Palm oil rises over 2pc as Chicago soybean prices rally

Published 28 May, 2021 06:17pm
  • The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up at 4,015 ringgit ($971.68) a tonne when the market closed.
  • The contract gained 0.6% this week after plunging 11.43% in the previous week, its biggest weekly drop in one year.
Palm oil drops to five-week low

Palm oil drops to five-week low

Published 31 Mar, 2021 05:42am
JAKARTA: Malaysian palm oil futures dropped to a five-week low on Tuesday, tracking rival oils, as sentiment was...
Palm oil ends three-day rally

Palm oil ends three-day rally

Published 25 Feb, 2021 04:58am
KUALA LUMPUR: Malaysian palm oil futures ended lower on Wednesday, reversing from early gains and snapping a...
Palm oil neutral in 3,221-3,300 ringgit range

Palm oil neutral in 3,221-3,300 ringgit range

Published 26 Jan, 2021 10:23am
  • This bounce is expected to extend towards the peak of a wave 4 around 3,348 ringgit. On the daily chart, the contract stabilized around a support at 3,148 ringgit, the 61.8% retracement on the uptrend from 2,691 ringgit to 3,888 ringgit.
Palm oil may end drop in 3,173-3,221 ringgit range

Palm oil may end drop in 3,173-3,221 ringgit range

Published 20 Jan, 2021 12:08pm
  • On the daily chart, a spinning top formed around a support at 3,274 ringgit on Monday. Even though it proved to be a failed reversal signal, it does suggest the fall is ending.
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