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palm oil export

Palm jumps 2pc tracking soyoil, crude prices

Palm jumps 2pc tracking soyoil, crude prices

  • The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed higher 74 ringgit, or 2.03%, to 3,724 ringgit ($900.82) a tonne, after falling 3% in the previous session.
  • "We expect total supply to outstrip total demand leading to higher ending stocks of 1.53 million tonnes," he added.
Published 13 Apr, 2021 05:30pm
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