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palm oil imports

Palm rises to one-month high
Markets

Palm rises to one-month high

KUALA LUMPUR: Malaysian palm oil futures rose on Thursday to their highest level in a month, as a trucker strike in...
Published 15 Apr, 2022 05:29am
Palm oil rises over 2pc as Chicago soybean prices rally
Markets

Palm oil rises over 2pc as Chicago soybean prices rally

  • 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.
Published 28 May, 2021 06:17pm
India's April palm oil imports surge 82pc y/y, trade body says
Markets

India's April palm oil imports surge 82pc y/y, trade body says

  • The country imported 701,795 tonnes of palm oil last month, while soyoil imports fell by 21% to 144,020 tonnes, the Solvent Extractors' Association of India (SEA) said in a statement.
  • Sunflower oil imports dropped 18% to 184,097 tonnes in April after prices more than doubled in a year, it added.
Published 12 May, 2021 05:45pm
Palm posts best day in 11 months on stronger exports, soyoil rally
Markets

Palm posts best day in 11 months on stronger exports, soyoil rally

  • The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange ended up 187 ringgit, or 4.83%, at 4,055 ringgit ($981.22) a tonne.
  • Refinitiv pegged the benchmark July delivery contract to rise towards a resistance of 4,080 ringgit to 4,100 ringgit a tonne this week.
Published 03 May, 2021 04:47pm
Palm falls over 3pc on profit booking ahead of holiday, cheaper rivals weigh
Markets

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

  • 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%.
Published 28 Apr, 2021 04:58pm
Palm oil supply and demand prospects halt two-week price decline
Markets

Palm oil supply and demand prospects halt two-week price decline

  • The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slipped by 2 ringgit, or 0.05%, to 3,739 ringgit ($903.58) a tonne after rising as much as 1% earlier in the day. For the week, it was up 1.3%.
  • "Overall, the market is anticipating April exports to be a tad better versus March. With tight end-stocks and better than expected exports, prices are expected to remain firmer," he added.
Published 02 Apr, 2021 07:10pm