Palm oil climbs as rival oils firmer and output concerns increase.
Malaysian palm futures prices rose on Wednesday due to stronger edible oils from rival producers and concerns about production. Increased buying in anticipation of an industry conference was also supportive. At midday, the benchmark…
VEGOILS - Palm oil ends lower due to weaker competitor oils. Traders await positive signals
Malaysian palm futures declined on Tuesday as traders looked for bullish signals to support prices. The benchmark May palm oil contract on Bursa Malaysia's Derivatives exchange fell 34 ringgit (0.75%) to close at 1,014.63 ringgit per metric ton.
Export data and concerns about higher Indian duties are cited as reasons for the decline in palm oil.
Malaysian palm futures fell on Monday as the market was pressured by lower estimates of palm oil exports in the first two week's of February, and India raising import taxes for vegetable oils. At the midday break, the benchmark…
Palm prices rise on lower production and log a fourth weekly gain
Malaysian palm futures closed higher on Friday, logging a fourth consecutive weekly gain. Lower stocks supported the market in spite of demand concerns and uncertainty surrounding Indonesia's mandate for biodiesel. At the close…
VEGOILS - Palm flat ahead of MPOB and exports; demand concerns weigh
Malaysian palm futures were in a narrow range on Monday, ahead of important data on the country’s stocks. Weak demand from key markets was offset by gains due to flood fears and Indonesia’s potential increase in export taxes.
Palm prices rise on concerns about lower production and demand
The price of Malaysian palm oils futures rose for the second session in a row on Thursday. This was due to expectations of a decrease in production. However, a lack demand from major importing countries restricted gains. At midday…
Palm oil prices rise on Dalian oil demand and stronger Dalian crudes
Malaysian palm oils futures closed higher on Wednesday. They were boosted by the stronger Dalian edible oil, and traders were hopeful about a possible resumption in palm oil demand out of India. At the close, the benchmark April…
Palm oil's performance is lower due to weakness in Chicago Soyoil
The price of palm oil in Malaysia ended lower Tuesday after a five session winning streak. Chicago soyoil fell as the U.S. announced it would delay implementing tariffs against Mexico and Canada. At the close, the benchmark palm…
Sasol, Anglo American, and De Beers pilot renewable diesel in South Africa
The South African petrochemicals firm Sasol, the mining group Anglo American, and its diamond division De Beers have entered into a joint agreement to develop a pilot production of renewable diesel using vegetable oil. Reporters…
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.
Palm oil prices fall on Indonesian export levies and US tariff threats
Malaysian palm futures declined on Friday, as trading resumed following a two-day Lunar New Year break. The market was weighed down by uncertainty about Indonesia's export rate and U.S. Tariff threats. By midday, the benchmark…
VEGOILS-Palm closes higher despite weak demand, Indonesia export rate uncertainty
The price of Malaysian palm oils futures rose on Tuesday after recovering from losses earlier in the day. However, a sluggish market demand, uncertainty about Indonesia's export rate and a slight increase in domestic production limited its gains.
Palm oil prices rise on expectations of reduced production in Malaysia
The price of Malaysian palm oils futures rose on Monday, as lower production expectations and lower export estimates offset the weakness in Chicago soyoil contracts. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was up 0.38% to 4…
Mistry: Malaysian palm oil will trade at around 4,000 Ringgit/T by 2025
Analyst Dorab Mistry predicted that Malaysian palm oils will trade at around 4,000 Malaysian Ringgit per metric tonne in 2025. However, there was a short rise to 4,800 Ringgit in February due to stiff competition from soybean oil.
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…
Sources say that India's palm oils imports will hit a 5-year low on January due to negative margins.
India's palm-oil imports will plunge to their lowest level in five years this January due to negative refining margins. The tropical oil's higher price than its rivals is driving buyers to soyoil which is more competitively priced, according to government and industry officials.
Palm tracks on Chicago Soyoil Lower as Lack of Fresh Demand Weighs
Malaysian palm oils futures continued to lose on Wednesday as they tracked the weakness of rival soyoil in Chicago, and a lack of new demand. By midday, the benchmark contract for palm oil delivery in March on the Bursa Derivatives exchange had fallen 49 ringgit or 1.1% to 4…
Palm surges by more than 2% and logs a weekly gain
Malaysian palm futures closed Friday more than 2% above the previous week's closing price, as soyoil prices in Chicago rose. The benchmark contract for palm oil delivery in March on the Bursa Derivatives Exchange, Bursa Malaysia…
Palm tracks Chicago soyoil but is set to lose money for the second consecutive week
Malaysian palm futures were slightly higher on Friday as they tracked stronger Chicago soyoil. However, they are set to suffer a second weekly loss. At midday, the benchmark contract for palm oil delivery in March on the Bursa Derivatives exchange rose 45 ringgit or 1.05% to 4…
Palm fell due to export concerns and Indonesia's biodiesel plan
Malaysian palm futures fell on Wednesday due to concerns over export demand and the uncertainty surrounding Indonesia's biodiesel mandate. At the close, the benchmark March palm oil contract on Bursa Derivatives Exchange fell 9 ringgit or 0.21% to 4,356 Ringgit ($968.00).
