Palm oil drops 8% in a week, the worst drop for 19 months.
Malaysian palm futures fell on Friday, their biggest weekly drop in over a year. Weak soybean oil prices and concerns about demand weighed them down. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives…
Palm to drop for second week on weak soya, concerns about demand
Malaysian palm futures fell on Friday, and are headed for another week of losses. Weak soybean prices and looming concerns about demand have weighed them down. At midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives…
Palm extends its losses amid China trade fears and weak demand
Malaysian palm futures fell for the second session in a row on Thursday as concerns about U.S. Tariffs on China, and a weakened demand for palm, sparked a sale on the vegetable oil market. At the close, the benchmark palm oil…
Palm oil prices are down by more than 2% due to a weaker demand for exports and Chicago soyoil.
Malaysian palm futures dropped more than 2% Wednesday due to a weaker Chicago soyoil price and sluggish demand for exports. The benchmark contract for palm oil delivery in February on the Bursa Derivatives exchange lost 107 Ringgit or 2.17% to $4…
Palm prices fall on weaker demand for exports and Chicago soyoil.
Malaysian palm futures fell on Wednesday due to a weaker Chicago soyoil price and sluggish demand for exports. Investors are awaiting cargo surveyor data in order to determine the direction of prices. By midday, the benchmark…
Palm declines due to Dalian palm's weakness
The price of Malaysian palm oil futures fell on Monday due to the weakness of Dalian palm oil. At midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for February delivery fell 71 ringgit or 1.41% to 4,982 Ringgit ($1,115.79).
US soyoil prices jump as China reduces export incentives for biofuel feedstocks competing with US soyoil
U.S. Soyoil Futures rose 2% on the Friday after China announced it would reduce export incentives for certain products, including used cooking oils. Used cooking oil is a low-cost source of feedstock that U.S. Biofuels Makers use instead domestically produced soybean oil.
Palm falls for the third consecutive day due to weaker competitors and selling pressure
Malaysian palm futures fell for the third session in a row on Thursday. This was due to the weakness of prices in rival vegetable oils listed in Dalian and pressure from sellers in crude palm (CPO). By midday, the benchmark contract…
Palm oil suffers heavy losses in Dalian competitors oils
The prices of vegetable oils rivals in Dalian have been falling heavily, which has led to a fall in the palm oil futures in Malaysia for a second consecutive session. By midday, the benchmark palm oil contract on Bursa Derivatives…
VEGOILS - Palm oil has the highest weekly gain since June 2022, with a gain of more than 4%.
Malaysian palm futures rose for the third week in a row on Friday, as an industry conference held in Bali released projections for production and palm oil prices for 2024-2025. This week the contract increased by 4.77%, which is the highest gain since June 20, 2022.
Biodiesel production will tighten the supply of palm oil in Indonesia, but it is expected to recover by 2025.
Analysts predict that Indonesia's palm-oil production will recover next year after a drop expected this year. However, prices are likely to remain high due to a planned increase in the country's mandate for biodiesel, they said.
Mistry: Malaysia palm oil futures will be around or above 5,000 Ringgit by mid-2025.
Dorab Mistry, a leading industry analyst, said that until June 2025, Malaysian palm oil benchmark futures will likely trade at or above 5,000 ringgit per metric ton, due to tight supply and strong demand. Mistry, speaking at the Indonesia Palm Oil Conference held in Bali…
Palm oil mirrors Dalian competitors; set to gain third week
The price of palm oil in Malaysia rose for the third week running on Friday, as Dalian vegetable oils grew. Early trade saw the benchmark contract for palm oil for January delivery at Bursa Derivatives Exchange rise 51 ringgit…
Cargill estimates that China's palm oil demand in 2024 will drop 30% year-on-year.
A Cargill executive said that the demand for palm products in China will drop by 30% between 2024 and 2019. This is because high prices have made it less appealing than soyoil, while vegetable oil demand stagnates. The benchmark…
Dalian palm oil is supported by other oils
The Dalian palm oil market, which is a rival to the Malaysian palm oils market, has seen gains on Thursday. On the closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery gained 33 ringgit (0.67%) to 4,950 Ringgit ($1,125.00).
Palm oil prices end higher due to rival oils' strength and a weaker Ringgit
Malaysian palm futures closed higher on Wednesday. This was supported by gains made in vegetable oils that are competing with palm oil and the weaker ringgit. Investors will be looking for clues at an industry conference starting in Indonesia later this week…
Palm oil ends the day higher than rival oils as market focuses on key data
Malaysian palm oil futures closed Monday after rival vegetable oils. The market is waiting for data from the Malaysian Palm Oil Board and export figures. On the closing, the benchmark palm oil contract on Bursa Derivatives Exchange…
VEGOILS - Palm closes 3% more, reaches highest level in nearly two and half years
Malaysian palm futures rose more than 3% Friday, the highest level in nearly two-and-a-half years, in response to higher soyoil, crude oil, and positive estimates for domestic exports. The benchmark contract for palm oil delivery…
Palm prices rise despite profit-taking and premium concerns
Malaysian palm futures rose for the second session in a row on Wednesday, despite profit taking pressure and fears that a wider premium over competing oils could dampen demand. The benchmark contract for palm oil delivery in…
Palm gains due to low inventories and expectations of low output
The price of Malaysian palm oil futures increased on Tuesday due to expectations that palm production will be reduced and inventories will decrease. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery gained 20 ringgit or 0.44% to 4…
