Malaysian palm oil rises in second session of strong Dalian oils
Malaysian palm futures rose on Thursday for the second consecutive session, following the strength of the Dalian market as China shifts to purchasing palm oil in response to a trade dispute with Canada. The benchmark contract for palm oil delivery in June on the Bursa Derivatives exchange gained 54 ringgit or 1.27% to 4,313 Ringgit ($973.81) per metric ton. The ongoing China-Canada canola oil trade is supporting palm prices.
Malaysian palm oil rises in second session with support from rival oil
Malaysian palm futures rose on Thursday for the second time, following strength on the Dalian market as China switched to palm oil in response to a trade dispute with Canada. By midday, the benchmark contract for palm oil delivery in June on Bursa Derivatives Malaysia Exchange had gained 35 ringgit or 0.82% to 4,277 Ringgit ($965.90), a metric tonne. The ongoing China-Canada canola oil trade is supporting palm prices.
Palmetto slips with a second consecutive weekly loss
Palm oil ended lower on Friday, and recorded a second consecutive weekly loss. This was due to a decline in Chicago soyoil and the persistently slow performance of Malaysian palm oil exports. The benchmark contract for palm oil delivery in June on the Bursa Derivatives exchange lost 37 ringgit or 0.84% to 4,376 Ringgit ($990.27). The contract has lost 4.37% in the last week. Anilkumar bagani…
VEGOILS - Palm up in hopes of better demand, but second consecutive weekly loss
Palm oil prices rose on Friday, on the hope of improved demand from India and China. However, they were still heading for their second consecutive weekly loss because of weakness in Chicago soyoil contracts and Malaysian palm oil exports that have been slowing down. By midday, the benchmark contract for palm oil delivery in June on the Bursa Derivatives Market gained 5 ringgit or 0.11% to 4,418 Ringgit ($999.32). This week, the contract has fallen by 3.45%.
Export data from surveyors show palm gains on Dalian
The price of Malaysian palm oils futures rose for the second consecutive session on Thursday. This was due to the strong performance in Dalian and the newly released export surveyors data. The benchmark contract for palm oil delivery in June on the Bursa Derivatives exchange gained 26 ringgit or 0.59% to $4,415 ringgit (US$997.97) per metric ton. A Kuala Lumpur based trader stated earlier that the futures rose due to Dalian…
Palm prices end higher due to Indonesia's increased levy and weak Malaysian production
Malaysian palm oils closed higher on Wednesday, after Indonesia reaffirmed its intention to increase the palm oil export tax. Malaysia's lower production figures have however limited gains. The benchmark contract for palm oil delivery in June on the Bursa Derivatives exchange gained 22 ringgit or 0.5% to 4,388 Ringgit ($990.07). The futures market resumed on a bullish note, mainly because Indonesia reaffirmed an increase in export taxes for palm oil.
Palm oil prices fall on weaker export data and a muted competition.
Malaysian palm futures fell on Monday, following a drop in the prices of rival oils. The weakening exports of palm oil from Malaysia in February also affected sentiment. The benchmark May palm oil contract on Bursa Malaysia's Derivatives Exchange fell 71 ringgit or 1.56% to close at $4,483 ringgit per metric tonne. The market also reacted to the lower performance of Malaysian palm oil in February.
Palm oil drops on weaker exports and a decline in rival oils
Malaysian palm futures fell on Monday, following a drop in rival oils. Weakness in palm oil exports from Malaysia in February also affected sentiment. By midday, the benchmark contract for palm oil delivery in May on Bursa Malaysia's Derivatives exchange had fallen 67 ringgit or 1.47% to 4,487 Ringgit ($1,005.60 per metric tonne). The market also followed the lower performance of Malaysian palm oil in February.
Palm oil gains for the first time in three months
The price of Malaysian palm oils futures increased on Friday, posting their first monthly gain for three months. This was boosted by the strength in competing oils and expectations that India will increase its purchases. The benchmark May palm oil contract on the Bursa Derivatives Exchange rose 42 ringgit or 0.93% to 4,553 Ringgit ($1,020.85) per metric ton. "India... had a significantly…
Palm oil drops on weaker rival oils and a bearish outlook
The price of Malaysian palm futures fell on Thursday after two sessions of gains. This was due to the weakness in other oils and a negative outlook from analysts. By midday, the benchmark contract for palm oil delivery in May on the Bursa Derivatives Market had fallen 96 ringgit or 2.21% to 4,509 Ringgit ($1,015.31) per metric ton. Paramalingam Supramaniam is the director of Selangor-based brokerage Pelindung Bestari.
Palm oil drops on weaker rival oils and a bearish outlook
The price of Malaysian palm oils futures plummeted on Thursday. This ended two sessions of gains as analysts and the weakness in other oils weighed it down. By midday, the benchmark May palm oil contract on Bursa Malaysia's Derivatives exchange had fallen 96 ringgit or 2.08% to 4,515 Ringgit ($1,016.43) per metric ton. Paramalingam Supramaniam is the director of Selangor-based brokerage Pelindung Bestari.
Palm oil prices rise by more than 2 percent after Malaysian data on palm oil
Malaysian palm futures rose on Monday for the fourth consecutive session, after data released by the industry regulator revealed a drop in stocks. Expectations of improved demand also added to the bullish market sentiment. The benchmark contract for palm oil delivery in April on the Bursa Derivatives Exchange rose 91 ringgit or 2.02% to 4,595 Ringgit ($1,028.65). The Malaysian Palm…
VEGOILS - Palm oil prices settle higher despite uncertainty over Indonesia's export tax and US tariff threats
Malaysian palm futures recovered from early losses on Friday to record a second weekly gain. A stronger Chicago soyoil, a weaker dollar, and market uncertainty about Indonesia's export rate and U.S. Tariff threats offset the gains. The benchmark contract for palm oil delivery in April on Bursa Derivatives Exchange closed at 4290 ringgit (US$964.04), up 11 ringgit or 0.26%. The contract rose 1.76% after rising 0.62% last week.
Palm oil is a weaker competitor than other oils
Malaysian palm oils futures ended lower on Thursday for the second consecutive session, due to weakness in vegetable oils. The benchmark contract for palm oil delivery in April on the Bursa Derivatives exchange lost 17 ringgit or 0.4% to 4,191 Ringgit ($943.49) per metric ton. Anilkumar bagani, head of commodity research at Mumbai-based Sunvin Group, said that "Bursa Malaysia derivatives crude palm oil Futures opened lower today"...
Palm oil declines due to weaker rival oils
The price of Malaysian palm oils futures fell for the second session in a row on Thursday. This was due to the weakness in vegetable oils. At midday, the benchmark April palm oil contract on Bursa Malaysia's Derivatives exchange fell 64 ringgit or 1.52% to 4,144 Ringgit ($933.02). Anilkumar bagani, head of commodity research at Mumbai-based Sunvin Group, said that "Bursa Malaysia derivatives crude palm oil Futures opened lower today"...
Financial Times - Jan 17
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Owners of France's Natixis Investment Managers, and Italian insurer Generali, are nearing an announcement of an agreement for a joint venture in asset management that will bring together the two biggest European names. France's Bureau Veritas has ended…
VEGOILS-Palm closes higher despite weak soyoil, sluggish export demand
The price of palm oil in Malaysia rose on Tuesday after a period of declines. However, weak soyoil and a weakened export demand limited gains. At the close, the benchmark March palm oil contract on Bursa Derivatives Exchange rose 35 ringgit or 0.81% to 4,373 Ringgit ($975.03) per metric ton. The contract lost 0.69% the previous session. David Ng, a proprietary trading at Kuala Lumpur's Iceberg X Sdn.
Palm oil trades in a sideways range due to weak export demand and soyoil price pressure
After trading in a narrow range on Tuesday due to weaker soyoil and muted demand for exports, Malaysian palm futures are little changed. By midday, the benchmark March palm oil contract on Bursa Derivatives Exchange had lost 2 ringgit or 0.05% to 4,336 Ringgit ($962.49 a metric tonne). The contract fell by 0.69% during the previous session. Crude palm oil fell in the morning session.
Palm slips due to poor demand in India
The price of Malaysian palm oil futures fell on Monday due to weak demand in India, a key destination market. At the close, the benchmark March palm oil contract on Bursa Derivatives Exchange fell 26 ringgit (0.6%), to 4,342 Ringgit ($963.18) per metric ton. The contract increased by 0.81% during the previous session. A Kuala Lumpur based trader stated that the weakness in the palm market was due to concerns about exports.
Palm oil demand in India is low
Malaysian palm futures declined on Monday due to a sluggish Indian demand, which is a key destination. At the midday break, the benchmark March palm oil contract on the Bursa Derivatives exchange in Malaysia shed 30 ringgit or 0.69% to 4,338 Ringgit ($961.86) per metric ton. The contract increased by 0.81% during the previous session. A Kuala Lumpur based trader stated that the weakness in the palm market at midday was due to concerns about exports.
