Trends - Palm Oil - Business Recorder

Palm Oil

Palm falls on lean November exports, weaker rival soy

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange slid 55 ringgit, or 1.65pc, to 3,271 ringgit ($799.56) a tonne by the midday break.

Published 24 Nov, 2020 04:48pm

Markets

Indonesia 2020 palm oil exports seen at 36.1mn tonnes

Its palm oil exports are forecast to edge slightly higher next year, at 36.49 million tonnes, the data showed.

Published 24 Nov, 2020 04:43pm

Markets

Palm ends higher on lower production concerns

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 42 ringgit, or 1.28pc, to 3,330 ringgit ($814.58) a tonne.

Published 23 Nov, 2020 05:02pm

Markets

Palm logs near 3pc weekly loss, ends four-week climb as Nov exports tumble

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 20 Nov, 2020 04:31pm

Markets

Palm oil eases on profit-booking ahead of holiday

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed down 14 ringgit, or 0.46%, to 3,051 ringgit ($732.88) a tonne.
Indonesia has set crude palm oil export tax at $3 per tonne for November.

Published 28 Oct, 2020 05:00pm

Markets

India's Sept palm oil imports slump 27pc on tepid demand

India buys palm oil from Indonesia and Malaysia, and other oils, such as soyoil and sunflower oil, from Argentina, Brazil, Ukraine and Russia.

Published 16 Oct, 2020 04:40pm

Markets

Palm oil clocks 1.4pc weekly fall as exports decline

Soybean farmers in Argentina are hoarding crops due to foreign exchange uncertainty and Ukraine's sunseed harvest has been hit by poor weather.

Published 16 Oct, 2020 03:36pm

Markets

Palm falls over 2pc on lower Oct exports, weaker crude

Oil prices fell as the new restrictions in the bloc increased uncertainty over the outlook for economic growth and a recovery in fuel demand.

Published 15 Oct, 2020 05:41pm

Markets

Palm ends seven-day rally on weak biodiesel consumption, lower export estimates

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed 15 ringgit, or 0.50pc, lower at 2,988 ringgit ($720.17) a tonne, after rising 0.5pc.

Published 14 Oct, 2020 06:01pm

Markets

Palm climbs for seventh day as Indonesia warns of La Nina hit

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange settled up 9 ringgit, or 0.3pc, at 3,003 ringgit ($725.36) a tonne.

Updated 13 Oct, 2020 05:31pm

Markets

Palm oil jumps more than 3pc on stronger Dalian oils, higher exports

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 12 Oct, 2020 04:48pm

Markets

Palm rises for a fourth day on supply concerns

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed up 0.7%, at 2,890 ringgit ($696.39) a tonne.

Published 08 Oct, 2020 04:36pm

Markets

Palm oil may fall to 2,390 ringgit in Q4

The sharp rally from the May low of 1,939 ringgit has ended, as confirmed by a shooting start forming in September.

Published 05 Oct, 2020 04:24pm

Markets

Palm oil ends flat; plans of fresh Malaysia curbs help prices

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed at 2,822 ringgit ($676.25) per tonne, unchanged from Friday's closing.

Published 28 Sep, 2020 04:37pm

Markets

Palm oil rebounds as flooding in Indonesia stoke supply fears

Dalian's most-active soyoil contract fell 0.63pc, while its palm oil contract slipped 1.17pc. Soyoil prices on the Chicago Board of Trade were down 0.28pc.

Published 25 Sep, 2020 05:01pm

Markets

Palm slips on concerns over rising output, lower-than-expected exports

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed down 2 ringgit.
Crude palm oil output rose 3.07% to a two-month high of 1.86 million tonnes, MPOB said.

Published 10 Sep, 2020 06:00pm

Markets

Palm ends at 4-week low on soft August export data, firmer ringgit

A stronger ringgit makes palm more expensive for holders of other currencies.

Published 25 Aug, 2020 08:13pm

Markets

Indonesia mulls palm oil levies increase to support biodiesel plans

Indonesia collects levies from palm oil exports to fund the cost difference between fuel made from palm oil and fossil diesel fuel as incentives for producers.

Published 19 Aug, 2020 03:53pm

Markets

Palm ends higher on strength of rival oils, lower Indonesia output

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange closed up 30 ringgit, or 1.12pc, at 2,718 ringgit ($649.00) a tonne.

Published 13 Aug, 2020 05:12pm

Markets

Palm reverses early losses on lower Indonesia production

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange closed up 40 ringgit, or 1.51pc, at 2,683 ringgit ($640.33) a tonne.

Published 12 Aug, 2020 04:14pm

Markets

Palm ends nearly 2pc lower as exports, rival oils fall

Malaysia's palm oil exports for August 1-10 fell between 4.8pc and 6.2pc from July, cargo surveyors said.

Published 10 Aug, 2020 04:08pm

Markets

Palm oil futures track Dalian palm, soyoil higher

Palm rose as much as 3.2pc in the previous session after cargo surveyors reported that July exports rose 5.8pc-6.8pc on-month.

Published 04 Aug, 2020 04:41pm

Markets

Palm oil extends falls on cheaper rivals, profit-taking

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange declined 2.4pc to 2,608 ringgit ($613.65) a tonne when markets closed.

Published 28 Jul, 2020 03:57pm

Markets

Palm oil tracks soyoil fall, wet weather stokes supply concerns

Palm oil for October delivery on the Bursa Malaysia Derivatives Exchange fell 7 ringgit, or 0.26pc, to 2,649 ringgit ($623.59) a tonne by the midday break.

Published 23 Jul, 2020 05:43pm

Markets

Palm oil bounces back, hovers near 5-month high on supply concerns

Palm rose nearly 1.8pc and closed at its highest since Feb. 13 in the previous session.

Published 21 Jul, 2020 05:59pm

Markets

Palm oil bounces back on stronger crude

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange settled up 21 ringgit.
Crude oil prices rose after a volatile session sparked by confusion over the status of the US-China trade deal.

Published 23 Jun, 2020 06:06pm

Markets

Palm oil falls on likely drop in global consumption, higher production

The Southern Peninsular Palm Oil Millers Association, meanwhile, has estimated June 1-20 production in some parts of Malaysia to have jumped 18.8%.
The Malaysian Palm Oil Council in the same seminar projected that oil prices would average 2,337 ringgi

Published 22 Jun, 2020 04:19pm

Markets

Palm reverses gains on concerns over new virus cases, production

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange traded 0.1pc lower at 2,358 ringgit($551.84) a tonne by midday.

Published 18 Jun, 2020 06:58pm

Markets

Palm rises on hopes of higher exports, recovery in other commodities

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange climbed 2.88pc to 2,359 ringgit ($552.01) a tonne.

Published 16 Jun, 2020 03:45pm

Markets

Palm ends higher on weaker ringgit, clocks fifth weekly rise

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed up 4 ringgit, or 0.17pc, at 2,370 ringgit ($555.69) a tonne, after falling as much as 1.9pc.

Published 12 Jun, 2020 08:32pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
Dow Jones / Apr 29	38386.09
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50
Hang Seng / Apr 30	17733.21
FTSE 100 / Apr 30	8175.09
Germany DAX 30 / Apr 30	18100.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 29	209105
Petrol/Litre / Apr 30	293.94
Crude Oil USD/Barrel / Apr 30	82.43
Gold Spot USD/Ounce / Apr 30	2326.07
Diesel/Litre / Apr 30	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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