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Topic

palm oil stocks

Palm ends three-day rally

Palm ends three-day rally

Published 26 May, 2022 05:26am
KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday, ending a three-session rally, pressured by demand ...
Palm oil ends lower after sharp gains

Palm oil ends lower after sharp gains

Published 12 Aug, 2021 06:15pm
  • Palm retraces after biggest jump
  • Palm could drop further if rival oils fall
  • Contract had hit record high on Wednesday after inventory data
Indonesia to change palm oil export levy, cut ceiling rate

Indonesia to change palm oil export levy, cut ceiling rate

Published 21 Jun, 2021 04:43pm
  • 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.
Palm reverses course to trade up 1pc on stronger US soyoil

Palm reverses course to trade up 1pc on stronger US soyoil

Updated 18 Jun, 2021 05:21pm
  • The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed up 38 ringgit, or 1.1%, at 3,415 ringgit ($825.48) a tonne.
  • CBOT's soybean oil contract was up 4.5% after a 9.2% drop on Thursday.
Malaysia's KLK offers $372mn for majority stake in IJM Plantations

Malaysia's KLK offers $372mn for majority stake in IJM Plantations

Updated 09 Jun, 2021 06:19pm
  • IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the country, offering to acquire its 56.2% equity holding at 3.10 ringgit per share.
  • The offer, at a 26% premium to IJM Plantations' last traded share price of 2.46 ringgit, values the palm oil producer at 2.73 billion ringgit.
Palm oil rises over 2pc as Chicago soybean prices rally

Palm oil rises over 2pc as Chicago soybean prices rally

Published 28 May, 2021 06:17pm
  • 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.
Palm ends lower on higher Indonesian output forecast for 2021

Palm ends lower on higher Indonesian output forecast for 2021

Published 04 May, 2021 04:55pm
  • 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.
Palm falls over 3pc on profit booking ahead of holiday, cheaper rivals weigh

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

Published 28 Apr, 2021 04:58pm
  • 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%.
Palm oil jumps 2pc

Palm oil jumps 2pc

Published 14 Apr, 2021 03:21am
KUALA LUMPUR: Malaysian palm oil futures climbed 2% on Tuesday, snapping a three-day decline, as stronger rival...
Palm drops to five-week low on weak rival oils, sluggish demand

Palm drops to five-week low on weak rival oils, sluggish demand

Published 30 Mar, 2021 05:59pm
  • The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange dropped 4.6% to 3,574 ringgit ($861.41) a tonne at closing time, the lowest closing level since Feb. 22.
  • Palm oil tracked rival soyoil down as soy was pressured by an upbeat planting outlook in the U.S, a palm oil trader in Kuala Lumpur said.
Palm oil reverses early losses

Palm oil reverses early losses

Published 18 Mar, 2021 03:56am
KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Wednesday as traders weighed forecasts for ...
Palm ends three-day loss tracking soyoil, rising stocks outlook weigh

Palm ends three-day loss tracking soyoil, rising stocks outlook weigh

Published 03 Mar, 2021 05:52pm
  • The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed up 37 ringgit, or 1.02%, at 3,679 ringgit ($908.62) a tonne.
  • CGS-CIMB pegged crude palm oil output at 1.13 million tonnes, little changed from the previous month.
Palm oil ends three-day rally

Palm oil ends three-day rally

Published 25 Feb, 2021 04:58am
KUALA LUMPUR: Malaysian palm oil futures ended lower on Wednesday, reversing from early gains and snapping a...
Palm oil neutral in 3,221-3,300 ringgit range

Palm oil neutral in 3,221-3,300 ringgit range

Published 26 Jan, 2021 10:23am
  • This bounce is expected to extend towards the peak of a wave 4 around 3,348 ringgit. On the daily chart, the contract stabilized around a support at 3,148 ringgit, the 61.8% retracement on the uptrend from 2,691 ringgit to 3,888 ringgit.
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