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).
VEGOILS-Palm closes higher despite weak soyoil, sluggish export demand
The price of palm oil in Malaysia rose on Tuesday after a period of declines. However, weak soyoil and a weakened export demand limited gains. At the close, the benchmark March palm oil contract on Bursa Derivatives Exchange rose 35 ringgit or 0.81% to 4…
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%), to 4,342 Ringgit ($963.18) per metric ton.
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 exchange in Malaysia shed 30 ringgit or 0.69% to 4,338 Ringgit ($961.86) per metric ton.
Market uncertainty caused by Indonesian B40 palm oil delays
Indonesia is yet to implement the higher blend of biodiesel that was planned for January 1, as industry participants are awaiting technical details of the regulation. This has caused confusion among palm oil dealers. The government…
After two years of losses, VEGOILS Palm ends the year with a gain of more than 19%
The market closed lower on Tuesday due to lack of new buying at year's end. The benchmark contract for palm oil delivery in March on Bursa Malaysia's Derivatives exchange fell by 107 ringgit or 2.35% to $4444 ringgit (US$994.63) a metric ton.
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. By midday, the benchmark contract for palm oil…
Palm oil prices rise on the back of bargain-buying and strong competition oils
Malaysian palm oils futures rose Friday on the back of bargain-buying and higher rival edible oil prices, but weaker export estimates limited gains. The benchmark contract for palm oil delivery in March on the Bursa Derivatives Exchange rose 82 ringgit or 1.8% to 4…
Palm oil prices rise on the back of bargain-buying and stronger competition in edible oils
Malaysian palm oils futures were up on Friday, and on course to record a weekly gain. This was boosted by bargain-buying and the strength of rival edible oils. The gains were however capped by weaker estimates of exports. At midday…
Palm oil prices drop on the back of heavy sales and a weakening in Dalian palm oil
After the Christmas holiday, Malaysian palm oil futures fell on Thursday due to heavy selling and weakness of Dalian palm olein. At midday, the benchmark March palm oil contract on Bursa Malaysia's Derivatives exchange fell 12 ringgit or 0.26% to 4,546 Ringgit ($1,017.69).
Palm prices fall on profit-taking ahead of the Christmas holidays
The price of palm oil futures in Malaysia fell on Tuesday, as traders booked profits before the Christmas holiday. At midday, the benchmark March palm oil contract on Bursa Derivatives Exchange dropped 28 ringgit or 0.62% to 4,514 Ringgit per metric ton.
Palm rebounds against Dalian soyoil and bargain-buying
After six consecutive sessions of losses, the price of palm oil in Malaysia rose on Monday. This was boosted by higher Dalian soyoil and traders buying cheaper contracts following recent declines. At the close, the benchmark…
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. By midday, the…
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 on the Bursa Derivatives Market fell by 74 ringgit or 1.64% to 4,434 Ringgit per metric ton.
Galp, a Portuguese company, plans to produce biofuels by 2026
Galp Energia, a Portuguese oil refiner and producer, announced on Thursday that it expects to produce biojet fuel and biodiesel from waste at an industrial scale unit being built in its Sines refinery by 2026. Galp and Mitsui…
Palm oil prices continue to fall amid uncertainty about biofuel policies in Indonesia and the US
Malaysian palm futures fell on Thursday for the fifth consecutive session as market uncertainty over Indonesian biofuel policies and U.S. policy weighed on it. At midday, the benchmark contract for palm oil delivery in March…
