After a 2-session rally, VEGOILS - Palm trades lower as profit booking occurs
Malaysian palm futures fell on Tuesday, as investors took profits after two sessions with sharp gains due to lower palm oil inventories and rising oil price. By midday, the benchmark…
Palm ends stronger on soyoil at Dalian, Chicago
Malaysian palm futures closed higher Monday, following the strength of rival soyoil markets in Dalian and Chicago. The benchmark contract for palm oil delivery in March on the Bursa…
Palm gains strength over soyoil at Dalian, Chicago
Malaysian palm oils futures continued to rise on Monday, following the strength of rival soyoil in Dalian and Chicago. By midday, the benchmark contract for palm oil delivery in…
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%)…
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…
Palm oil prices slip on Dalian weakness; market waits for further leads
Malaysian palm oils futures fell on Monday in line with the decline of rival soyoils traded on the Dalian exchange, as the market awaited more triggers during the holiday season.
Palm oil rises in line with stronger Dalian soyoil
Malaysian palm futures climbed on Monday, ending a six session losing streak. The rebound in Dalian soybean oil prices, and traders buying cheaper contracts following the recent declines, were behind this rise.
Palm extends its losses and records second weekly loss
Malaysian palm futures closed lower on Friday, and recorded a second weekly loss in a row due to sluggish demand for exports. The benchmark contract for palm oil delivery in March…
Palme ends the week with a loss of more than 4%
Malaysian palm oils futures continued to lose money on Friday as they tracked the weakness of rival vegetable oil at Chicago and Dalian and recorded a loss for the week. On the closing…
Palm gains for the fifth time in a row, logging a weekly gain
Malaysian palm futures rose on Friday for the fifth consecutive session, and recorded a weekly gain amid concerns about supply as heavy rains in Malaysia exacerbated already low production levels.
Palm oil prices rise on the back of bargain-buying and stronger Dalian oils
Malaysian palm oils futures rose for the fourth consecutive session on Thursday. This was boosted by Dalian oil's strength and bargain-buying. The benchmark contract for palm oil…
Senegal announces a 25-year plan for economic and social development
Senegal’s government released a 25-year plan of development on Monday. It said that the plan would lay the groundwork for economic sovereignty by focusing on competitiveness, resource…
VEGOILS - Palm erases early gains, speculative purchasing and short covering cap losses
Malaysian palm futures reversed gains and closed lower on Monday as crude oil prices fell. However, speculative purchases and short-covering helped limit the losses. The benchmark…
Palm oil sees its first monthly increase in three months
The price of Malaysian palm oils futures increased for the second consecutive session on Friday. This was their first gain in a month since three months. Firmer oil contracts from…
Palm oil to gain for the first time in three months
The price of palm oil futures in Malaysia rose on Friday, and was set to rise for the first time monthly in three months. This was boosted by higher rival oil contracts. Traders…
Palm oil prices fall as India's import tax worries counteract weak supply prospects
Malaysian palm futures closed lower on Wednesday, as fears over higher import taxes from India, the top buyer of vegetable oil in the world, outweighed the weaker outlook for supply from Indonesia, the top producer.
Senegal establishes commission to review oil contracts
On Monday, Senegal's Prime Minister Ousmane sonko announced that the country had set up a panel of experts in legal, tax and energy sectors to review oil and gas contracts, and…
The VEGOILS Palm index is up on the back of bargain-hunting and a stronger ringgit, but gains are capped by the stronger ringgit.
After trading sideways for most of the session, Malaysian palm oils futures made a recovery on Monday. However, a stronger Ringgit limited gains. By midday, the benchmark palm oil…
Palm oil's weekly loss is due to a decline in exports, and competition from rival oils.
Malaysian palm futures reversed gains early on Friday, logging a fourth successive weekly loss as weak exports and softer oil contracts from rivals outweighed the supply pressures of top producer Indonesia.
Palm oil exports slip on the back of weak Malaysian data
Malaysian palm futures fell on Tuesday, trading in ranges as weak exports for the month to date overshadowed a drop in stockpiles. By midday, the benchmark palm oil contract on…
