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Palm Oil

Palm oil hits over 5-week low
Markets

Palm oil hits over 5-week low

KUALA LUMPUR: Malaysian palm oil futures dropped nearly 5% to a more than five-week low on Wednesday, dragged down ...
Published 10 Jun, 2021 03:22am
Malaysia's KLK offers $372mn for majority stake in IJM Plantations
Markets

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

  • 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.
Updated 09 Jun, 2021 06:19pm
Palm oil eases
Markets

Palm oil eases

KUALA LUMPUR: Malaysian palm oil futures eased on Friday after surveys pegged May inventories to rise to an...
Published 05 Jun, 2021 04:08am
Malaysian palm oil jumps
Markets

Malaysian palm oil jumps

SINGAPORE: Malaysian palm oil futures reversed losses incurred in the previous session and jumped over 2% on Friday,...
Published 30 May, 2021 03:51am
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
Palm oil falls 2.7pc on weaker rivals, production outlook
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
Palm oil snaps four-day losing streak, jumps 3.47pc
Markets

Palm oil snaps four-day losing streak, jumps 3.47pc

  • The benchmark palm oil contract for August delivery climbed 3.47% to close at 4,025 ringgit ($972.22).
  • CBOT soyoil prices rose 1.43% on Tuesday, while prices for Dalian's soyoil and palm oil contract advanced 1.42% and 1.43%, respectively.
Updated 25 May, 2021 05:09pm
Palm oil falls over 2pc
Markets

Palm oil falls over 2pc

SINGAPORE: Malaysian palm oil futures fell for a fourth consecutive session on Monday, as they tracked losses in...
Published 25 May, 2021 04:40am
Palm oil futures slump
Markets

Palm oil futures slump

KUALA LUMPUR: Malaysian palm oil futures slumped more than 4% to a two-week low on Thursday as rival soyaoil fell,...
Published 21 May, 2021 05:04am
Palm oil slips 3.5pc
Markets

Palm oil slips 3.5pc

KUALA LUMPUR: Malaysian palm oil futures dropped 3.5% on Wednesday after the second-largest producer raised its...
Published 20 May, 2021 04:26am
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