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palm oil imports

Palm oil drops to five-week low

Palm oil drops to five-week low

JAKARTA: Malaysian palm oil futures dropped to a five-week low on Tuesday, tracking rival oils, as sentiment was...
Published 31 Mar, 2021 05:42am
Palm reverses earlier losses on lower supply, better demand expectations
Markets

Palm reverses earlier losses on lower supply, better demand expectations

  • The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed at 3,930 ringgit ($951.80) per tonne, unchanged from the previous session, after falling to as low as 3,862 ringgit earlier.
  • Oil prices edged higher as investors looked for bargains following the previous day's plunge, making palm a more attractive option for biodiesel feedstock.
Published 24 Mar, 2021 05:19pm
Palm rebounds on likely higher China imports, biodiesel hopes
Markets

Palm rebounds on likely higher China imports, biodiesel hopes

  • The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 10 ringgit, or 0.3%, to 3,416 ringgit ($841.59), after closing 1.1% lower on Monday.
  • Supporting prices was a potential rise in palm oil imports by China next year to 6.4 million tonnes from 6.2 million tonnes in 2020.
Published 22 Dec, 2020 06:07pm