Palm oil prices rise for the second day in a row on stronger soyoil and Malaysian production concerns
Malaysian palm futures gained for a second session in a row on Thursday. This was largely due to higher soyoil and production concerns from the second largest producer of palm oil. The benchmark palm-oil contract for December…
Palm oil prices rise on stronger soyoil but production worries in Malaysia
Malaysian palm futures increased on Thursday due to higher soyoil and production concerns. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for December delivery had gained 92 Ringgit or 2.39% to $3,937 Ringgit ($925.92).
Palm extends its losses as concerns about demand weigh
Malaysian palm futures continued to fall on Friday. They hit a new low of three weeks, as the sluggish market outweighed worries about supplies of sunflower oil from the Black Sea region, which is the largest producer, and gains in soft oils.
Palm oil hits a three-week low, as other oils fall and India considers a duty hike
Malaysian palm futures fell to their lowest level for three weeks on Thursday, as a result of the expectation that India will increase import duties and due to the weakness in palm and soyoil contracts on Dalian's market. The…
Palm oil hits 3-week low, rival oils also fall as India considers duty hike
Malaysian palm futures fell to their lowest level for three weeks on Thursday, as a result of the expectation that India will increase import duties and due to the weakness in palm and soyoil contracts on Dalian's market. By midday…
VEGOILS - Palm ends the week with a loss. Malaysia data is being eyed
Malaysian palm oil posted a loss for the week on Friday. The market will be expecting next week's data from the Malaysian Palm Oil Board (MPOB). The benchmark palm-oil contract for delivery in November on the Bursa Derivatives Exchange fell 16 ringgit (0.41%) to close at $3…
Palm trades lower and is set to lose money for the week; Malaysia data is eyed
The market expects the Malaysian Palm Oil Board (MPOB) to release its data next week. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange fell 32 ringgit or 0.82% to 3,885 Ringgit ($897.23) per metric tonne.
Palm production slips due to low volume and muted expectations
Malaysian palm futures continued to fall for a fourth consecutive session on Thursday, amid lower trading volume and concerns over low production expectations. By midday, the benchmark palm oil contract on Bursa Derivatives exchange…
Palm oil no longer follows rival oils in price, and Indian imports are down.
Malaysian palm oils futures continued to decline for a third consecutive session on Wednesday. This was due to the drop in prices of vegetable oils that compete with palm oil and a decrease in India's imports. The benchmark palm…
Palm oil prices fall as rival oils rise, and Indian imports decline.
Malaysian palm futures continued to decline on Wednesday. This was due to a fall in the prices of competing vegetable oils, and a decrease in India's imports of palm oil. By midday, the benchmark palm oil contract on Bursa Derivatives…
Palm oil prices rise on China's antidumping probe and the weakening ringgit
The price of Malaysian palm oils futures rose on Tuesday. This was the fourth session in a row that they have gained. This is due to China starting an anti-dumping investigation into canola imported from Canada, and also a weaker ringgit.
Palm oil prices end lower due to profit-taking and losses in Dalian contracts
Malaysian palm futures ended Monday lower as investors booked profits and added to the decline. The benchmark palm-oil contract for delivery in November on the Bursa Derivatives Exchange fell 44 ringgit or 1.11% to 3,933 Ringgit ($903.10) per metric ton.
Palm oil drops on Dalian losses and profit taking action
Malaysian palm futures declined on Monday due to profit-taking and a decline in the Dalian palm contract. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was down 38 Ringgit or 0.96% to 3,939 Ringgit ($909.49) per metric ton.
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 rivals supported the market as traders waited…
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 were also waiting on news from Indonesia and India regarding export and import tax.
Palm oil ends two-day losing streak on short-coverage
After a two-day losing streak traders filled short positions on the market. However, India, which is the largest buyer of vegetable oil in the world, imposed higher import taxes, which limited gains. The benchmark palm-oil contract…
Palm oil prices continue to fall due to a possible increase in import taxes from India and concerns about demand.
The price of Malaysian palm oils futures fell for the third day in a row on Thursday due to concerns about demand amid the prospect of increased import taxes from India, the largest buyer of vegetable oil. By midday, the benchmark…
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. The benchmark…
Palm oil continues to gain on Indonesian supply outlook and biodiesel plans
The price of palm oil in Malaysia rose for the fifth day running on Tuesday. It was its biggest rally in six week amid expectations that supply would tighten and Indonesian plans to increase biodiesel blend rates. By midday,…
Palm oil prices rebound on Indonesian supply concerns and biodiesel hope
Malaysian palm futures rose on Wednesday. This was boosted by a more positive outlook for the supply in Indonesia, and optimism about the plan of the country's top producer to increase its biodiesel requirement. The benchmark…
