Palm oil prices fall as Trump tariffs cause profit booking
Malaysian palm futures fell on Thursday, ending a four session rally. Profit-taking was a factor in the decline, following President Donald Trump’s tariffs against trade partners. At the close, the benchmark palm oil contract…
Palm oil climbs as Chicago soyoil and crude oil prices firm up
The market for Malaysian palm oils futures rose on Wednesday, marking the fourth session in a row. This was due to gains in Chicago soyoil prices and energy. The benchmark contract for palm oil delivery in June on the Bursa Derivatives exchange gained 99 ringgit or 2.24% to 4…
The Malaysian palm is poised to gain a weekly profit on the strength of physical demand
The price of Malaysian palm oils rose for the third session in a row on Friday. This was due to strong demand before Eid al-Fitr, an Islamic holiday. Also, rival vegetable oil prices were strong. By midday, the benchmark palm…
Galp, a Portuguese company, is confident that it will find other markets in the event of US tariffs.
The Portuguese oil company Galp Energia is confident that it can find other destinations for its gasoline exports. Galp's Executive Board member Ronald Doesburg who is responsible for industrial assets said on Tuesday that the…
Malaysian palm oil drops, rivals follow suit
The price of Malaysian palm oils futures fell for a third consecutive session on Tuesday. This was in line with the declines in rival vegetable oil markets such as Dalian and Chicago, while investors waited to see export data.
Palm oil falls due to Dalian Oil's weakness; soft ringgit caps losses
The Dalian Commodity Exchange saw a decline in the price of vegetable oil, which pushed down the palm oil futures for the second session running. However, a weaker currency helped to limit the losses. By midday, the benchmark…
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…
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.
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…
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…
Palm logs weekly losses; low demand puts pressure on the market
Malaysian palm futures rose marginally on Friday, but posted a loss for the week as profit-taking and weaker demand in major destination countries kept market pressure. The benchmark contract for palm oil delivery in May on the…
Palm prices rise on fear of lower production, but demand is weak.
Malaysian palm futures rose Thursday, supported by lower production levels. However, persistent concerns about demand from key import countries limited gains. By midday, the benchmark May palm oil contract on Bursa Derivatives Exchange had gained 46 ringgit or 1.03% to 4…
Palm slips due to weaker Dalian oil; Indian imports increase limit fall
The Malaysian palm futures continued to decline for a second consecutive session on Tuesday. Pressured by Dalian Oils, whose prices were lower, an increase in India’s palm oil imports helped limit the loss. At the close, the…
VEGOILS - Palm falls due to profit taking, Chicago soyoil weakness, and bearish MPOB stock
Malaysian palm futures ended three sessions of consecutive gains on Monday. Profit-taking and lower Chicago soyoil price pressures, as well as a slower than expected decline in inventories, were to blame. The benchmark contract…
Palm falls due to profit-taking and weakness in Chicago Soyoil
Malaysian palm futures dropped on Monday, ending three sessions of gains. Profit-taking and lower Chicago soybean oil prices were to blame. At midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for May delivery fell 18 ringgit or 0.39% to 4…
Palm posts weekly gains despite production concerns
Malaysian palm futures posted a sharp gain on Friday, with a weekly gain of 1.6%. This was due to fears that production would be cut in key palm oil producing areas. The benchmark contract for palm oil delivery in May on the…
Palm oil tracks Dalian oil higher and sets for second consecutive weekly loss
Malaysian palm futures were up on Friday as they tracked the movement of rival oils in the Dalian Market. However, the market is set to drop for the second consecutive week while it awaits the inventory data from Malaysian Palm Oil Board.
VEGOILS - Palm oil gains over Chicago soyoil; inventory data to be released
After two sessions of losses on the Chicago Soyoil Market, the Malaysian Palm Oil Board's futures prices rose on Wednesday. By midday, the benchmark contract for palm oil delivery in May on the Bursa Derivatives exchange was up 21 Ringgit or 0.48% to 4…
Palm oil falls on weaker Dalian oil, Sino-US Tariff War
Malaysian palm oils futures ended lower on Tuesday due to weaker Dalian oils, and fears over China's response to new U.S. duties on Chinese products. The benchmark May palm oil contract on Bursa Derivatives Exchange dropped 137 ringgit or 3.06% to close at $4…
Palm oil falls due to weaker Dalian oils, and US tariffs
Malaysian palm futures fell on Tuesday due to weaker Dalian oils, and worries about upcoming U.S. trade tariffs against key trading partners. By midday, the benchmark contract for palm oil delivery in May on the Bursa Derivatives exchange fell by 105 ringgit or 2.34% to 4…
