Trends - palm oil export - Business Recorder

Markets

Palm oil reverses losses, jumps over 2% on declining production

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange rose 113 ringgit, or 2.7%, to 4,384 ringgit ($1,036.41) a tonne

Published 26 Jul, 2021 05:38pm

Markets

Palm oil may fall to 4,009 ringgit

SINGAPORE: Palm oil may fall to 4,009 ringgit per tonne, as it failed a few times to break a resistance at 4,164...

Published 24 Jul, 2021 04:27am

Markets

Malaysian palm oil clocks 6pc weekly rise

KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Friday, logging a fourth straight weekly rise on...

Published 17 Jul, 2021 04:21am

Markets

Palm oil hits six-week peak

KUALA LUMPUR: Malaysian palm oil futures climbed more than 3% to hit a six-week high on Thursday, lifted by higher...

Published 16 Jul, 2021 04:34am

Markets

Indonesia May palm oil exports soar on stronger shipments to Africa, Middle East

Exports of total palm oil products from Indonesia stood at 2.95 million tonnes in May, up from 2.43 million tonnes in 2020. Compared to April, it rose 12%.

Published 14 Jul, 2021 01:00pm

Markets

Palm oil jumps nearly 3pc to 5-week high

KUALA LUMPUR: Malaysian palm oil futures rose as much as 3.2% on Tuesday, touching its highest in five weeks, on...

Published 14 Jul, 2021 03:59am

Markets

Palm oil down

KUALA LUMPUR: Malaysian palm oil reversed early gains to end lower on Monday, snapping a three-day rally, as crude...

Published 13 Jul, 2021 03:22am

Markets

Palm jumps over 3pc, books weekly gain on weaker ringgit

Palm logs longest weekly gaining streak since Jan..
Ringgit weakens to near one-year low.
Market speculates July 1-10 exports to fall 2%.

Updated 09 Jul, 2021 05:08pm

Markets

India allows refined palm oil shipments

MUMBAI: India on Wednesday allowed imports of refined palm oil for six months, the government said in a ...

Published 02 Jul, 2021 04:19am

Markets

Malaysian palm oil slips

KUALA LUMPUR: Malaysian palm oil futures eased on Monday, tracking a sharp drop in rival Chicago soyaoil on Friday...

Published 29 Jun, 2021 03:24am

Markets

Malaysian palm oil gains over 2pc

KUALA LUMPUR: Malaysian palm oil futures rose more than 2% on Friday and logged their first weekly gain in three,...

Published 27 Jun, 2021 03:56am

Markets

Malaysian palm oil ease

KUALA LUMPUR: Malaysian palm oil futures ticked down Thursday, declining for the third time in four sessions, ...

Published 25 Jun, 2021 04:20am

Markets

Palm oil ends flat

KUALA LUMPUR: Malaysian palm oil futures surrendered early gains to end little changed on Tuesday, dragged by...

Published 23 Jun, 2021 04:26am

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

Markets

Palm oil rises more than 6pc

SINGAPORE/JAKARTA: Malaysian palm oil futures jumped more than 6% on Tuesday, snapping a six-day losing streak,...

Published 16 Jun, 2021 03:39am

Markets

Palm gains more than 6pc on bargain-hunting, soyoil strength

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed 6.2% higher at 3,583 ringgit ($870.72) a tonne.
CBOT soybean futures reversed previous losses, with its soyoil contract rising 1.3%.

Updated 15 Jun, 2021 05:30pm

Markets

Palm oil ends at over 4-mth low

SINGAPORE: Malaysian palm oil futures ended at a more than four-month low on Monday, extending losses for a sixth...

Published 15 Jun, 2021 03:30am

Markets

Palm oil eases

KUALA LUMPUR: Malaysian palm oil futures eased on Friday after surveys pegged May inventories to rise to an...

Published 05 Jun, 2021 04:08am

Markets

Palm oil eases on rising stocks but logs 3pc weekly gain

Palm logs second weekly rise.
Malaysia end-May stockpile seen higher at 1.64 mln T.
Indonesia yet to decide on export levy cut.

Updated 04 Jun, 2021 06:22pm

Markets

Palm closes at 2-week high on global supply worries

Palm oil hits highest since May 20.
India considers edible oil import tax cut to lower prices.
Indonesia's biodiesel consumption down 8.2% in Jan-April.

Published 03 Jun, 2021 07:15pm

Markets

Palm oil falls 2pc as export pace slows, Indonesia taxes weigh

Indonesia's June export taxes higher at $183 per tonne.
Malaysian exports in May rise 1.6% m/m.
Malaysia to enter two-week lockdown starting Tuesday.

Published 31 May, 2021 06:17pm

Markets

Palm oil falls 2.7pc on weaker rivals, production outlook

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange fell 2.7% to close at 3,917 ringgit ($946.59). It erased some of the 3.4% gain posted on Tuesday.
The Bursa Malaysia was closed on Wednesday for the Vesak Day holiday.

Updated 27 May, 2021 06:26pm

Markets

Palm oil snaps four-day losing streak, jumps 3.47pc

The benchmark palm oil contract for August delivery climbed 3.47% to close at 4,025 ringgit ($972.22).
CBOT soyoil prices rose 1.43% on Tuesday, while prices for Dalian's soyoil and palm oil contract advanced 1.42% and 1.43%, respectively.

Updated 25 May, 2021 05:09pm

Markets

Palm oil clocks 11pc weekly fall

KUALA LUMPUR: Malaysian palm oil futures fell on Friday and logged an 11% weekly drop, its sharpest in a year, hit ...

Published 23 May, 2021 03:06am

Markets

Palm oil retreats from record high

KUALA LUMPUR: Malaysian palm oil futures fell 1% on Monday, retreating from last session’s record high, as trade...

Published 18 May, 2021 05:05am

Markets

Palm oil jumps 5pc

SINGAPORE: Malaysian palm oil futures jumped 5% on Friday, climbing to their highest level since 2008 and recording...

Published 08 May, 2021 03:30am

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

Markets

Palm oil unchanged, concerns over coronavirus weigh

SINGAPORE: Malaysian palm oil futures ended largely unchanged on Wednesday, with the market torn between concerns...

Published 06 May, 2021 03:49am

Markets

Palm oil down

KUALA LUMPUR: Malaysian palm oil futures ended lower on Tuesday after a volatile day of trade, trimming some of the...

Published 05 May, 2021 04:01am

Markets

Palm ends lower on higher Indonesian output forecast for 2021

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange ended down 19 ringgit, or 0.47%, at 4,042 ringgit ($981.07) a tonne, after rising 5% on Monday.
Indonesia's crude palm oil output is estimated at 48.4 million tonnes while crude palm kernel oil (CPKO) is expected to be at 7.29 million tonnes this year, IOPRI said.

Published 04 May, 2021 04:55pm