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Palm oil declined in Asian trading, following overnight drops in soybean oil prices on the Chicago Board of Trade. AmInvestment Bank noted a bearish outlook for crude palm oil futures, while also suggesting global vegetable oil prices may increase in the coming months.
Palm oil falls in Asian trading, weighed by overnight declines in soybean oil on the Chicago Board of Trade amid cautious market sentiment, says David Ng, trader at Kuala Lumpur-based Iceberg X. CPO prices are expected to remain rangebound given the lack of a fresh catalyst, he adds. Ng pegs resist…
Palm oil falls in Asian trading, tracking declines in soybean oil on the Chicago Board of Trade overnight. Technical analysis also indicates cautious sentiment, AmInvestment Bank says in a note. Still, crude palm oil futures could witness bargain hunting after recent losses. India's lower import du…
Palm oil falls in Asian trading, weighed by overnight declines in soybean oil on the Chicago Board of Trade. Dry weather linked to El Nino has spread across Malaysia and Indonesia since early August, raising concerns over its impact on palm oil output. Weather conditions in October and November wil…
Palm oil falls in Asian trading, weighed by declines in soybean oil on the Chicago Board of Trade as well as palm olein prices on the Dalian Commodity Exchange, says David Ng, a trader at Kuala Lumpur-based Iceberg X. However, he doesn't expect the price to keep trending lower, given the extreme we…