Trends - palm oil prices - Business Recorder

palm oil prices

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

Palm hits near three-week peak as India lifts curbs on refined oils

Palm oil close at highest since June 11.
New Indian rules to boost palm oil imports.

Updated 01 Jul, 2021 04:50pm

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

Palm falls as US court ruling stokes demand worries for rival soyoil

Palm posts sharpest intraday drop in nearly two weeks.
Purchases by key importing countries sluggish – broker.

Published 28 Jun, 2021 11:25am

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

BR Research

Palm oil prices ease – GST concerns rise

Observers have been keeping a close eye on what is happening at the Malaysian palm oil trade counters. Having ...

Published 23 Jun, 2021 07:35am

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 erases early gains to end flat on Indonesia's export levy change

Market concerned over rise in output –traders.
Indonesia's new levy structure weighs.
Malaysia surpasses Indonesia as India's top palm supplier.

Published 22 Jun, 2021 04:56pm

Business & Finance

Ministry directed to hold meeting with ghee/edible oil makers

ISLAMABAD: Finance Minister Shaukat Tarin directed the Ministry of Industries and Production, on Monday, for having ...

Published 22 Jun, 2021 04:46am

Markets

Palm declines on Indonesia's plan to revise export levy.

Palm oil extends last week's decline.
June 1-20 exports fell between 0.8% and 1.8% m/m.
Indonesia to reduce ceiling rate for export levy system.

Published 21 Jun, 2021 05:25pm

Markets

Indonesia to change palm oil export levy, cut ceiling rate

Indonesian authorities have been weighing up for months whether to cut the crude palm oil export levy, which has been at its highest level for five months in a row, hurting demand.
The tariff for export levy begins when prices are at $750 per tonne, with a $20 increase for every $50 rise in CPO.

Published 21 Jun, 2021 04:43pm

Markets

Dalian palm options make debut as first available to foreign investors

SHANGHAI: China launched its palm oil options on the Dalian Commodity Exchange on Friday, the country’s first...

Published 19 Jun, 2021 03:23am

Markets

Palm falls more than 4pc tracking weak US soyoil

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed 4.1% lower, to 3,398 ringgit a tonne.
Soyoil contract on the CBOT fell 2.4%. Soybean oil prices on the Dalian dropped 1.9%, while its palm contract fell 1.6%.

Published 16 Jun, 2021 05:26pm

Markets

Why is India losing sleep over record high vegetable oil prices?

NEW DELHI: India, the world’s top importer of vegetable oil, will have to spend billions of extra dollars this ...

Published 16 Jun, 2021 03:39am

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 ends at over 4-month low on weaker soyoil, sliding demand

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange fell 285 ringgit, or 7.8%, to 3,378 ringgit ($821.30) a tonne, its lowest since Feb. 5.

Updated 14 Jun, 2021 05:10pm

Markets

Palm oil falls to seven-week low on tepid June exports

Malaysia's June 1-10 exports fall 14%.
MPOB May supply and demand data below expectations.
May stocks rose only 1.49% to 1.57mn tonne–MPOB.

Published 10 Jun, 2021 05:58pm

Markets

Palm falls for second day on forecasts of higher output, stockpiles

Market talks of Indonesia export levy cut weigh.
MPOA sees 7% monthly rise in May output –traders.

Published 08 Jun, 2021 05:05pm

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 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 rises 5pc on concerns over global supply squeeze in edible oils

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange settled 215 ringgit, or 5.07%, higher at 4,457 ringgit ($1,080.48) a tonne, after closing 1.05% lower on Monday.

Published 18 May, 2021 08:26pm

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 retreats from record high as concerns over global edible oil supply ease

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange ended down 45 ringgit, or 1.05%, at 4,240 ringgit ($1,026.88) a tonne.
Malaysian markets were closed last Thursday and Friday after a half-day trade on Wednesday for holidays.

Published 17 May, 2021 06:16pm

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

Markets

Palm jumps 5pc, eyes biggest weekly gain in two decades on supply concerns

The futures contract was set for a 14.4% rise for the week, its biggest since 2001.
Palm oil is being supported by a rally in the global agricultural market led by Chicago corn and soybean futures, which are trading at multi-year highs.

Updated 07 May, 2021 05:21pm

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Cotton US¢/pound / Apr 25	80.89
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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