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Palm oil exports

Palm gains over 2pc on costlier US soyoil, weaker ringgit

Palm gains over 2pc on costlier US soyoil, weaker ringgit

  • The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 99 ringgit, or 2.8%, to 3,634 ringgit ($900.17) a tonne.
  • CBOT soyoil rose for a third straight session on Wednesday as extremely cold weather in key US growing areas raised worries about global supplies.
Published 17 Feb, 2021 08:44pm
Palm oil slumps 5pc on fears of plunge in January exports
Markets

Palm oil slumps 5pc on fears of plunge in January exports

  • Palm oil's biggest daily drop in eight months was mainly due to apprehensions of Malaysia's exports falling 40% during Jan. 1 to 15 on-month.
  • Both India and China are in resting mode after buying heavily in November and December prior to higher export duties and levies coming in place.
Published 14 Jan, 2021 05:57pm