Malaysian Palm Oil Futures Fall for Third Consecutive Session
Malaysian palm oil futures closed lower Wednesday despite strong export demand ahead of India's Diwali buying season.
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Malaysian palm oil futures closed lower Wednesday despite strong export demand ahead of India's Diwali buying season.
Palm oil prices rose as export demand supported prices.
Malaysian palm oil futures fell below MYR 4,800 per tonne, reversing recent gains amid weakness in Dalian palm oil and Chicago soyoils. Lower crude oil prices added pressure by reducing the relative appeal of palm oil for biodiesel production, while softer food-sector demand amid persistent inflationary pressures also
Palm oil futures ended higher, supported by stronger export demand and firm energy prices, according to trader David Ng. Elevated Malaysian inventories limited gains.
Malaysian palm oil futures extended gains, holding above MYR 4,800 per tonne amid strength in rival edible oils and a tightening supply outlook linked to severe El Niño conditions and Indonesia's upcoming B50 biodiesel mandate. Robust exports also supported prices, with cargo surveyors reporting a 58.5%—78.4% surge in
Malaysian palm oil futures traded around MYR 4,800 per tonne, rebounding from recent weakness amid firmer edible oils on China’s Dalian exchange. Export strength provided further support, with cargo surveyors reporting a 43.2%—58.3% month-on-month surge in Malaysian palm oil shipments in the first half of October. Fest
Malaysian palm oil futures held above MYR 4,750 per tonne, hovering at a three-week peak amid firmer edible oils on China’s Dalian exchange and robust export demand. Cargo surveyors reported a 43.2%—58.3% month-on-month surge in Malaysian palm oil shipments during the first half of October, while festival-driven buying
(Update for market close) JAKARTA, Oct 16 (Reuters) — Malaysian palm oil futures climbed on Friday, supported by bargain buying and strong export demand as cargo surveyors reported higher shipments in the first half of October. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Excha
Malaysian palm oil futures climbed Friday, supported by bargain buying and strong export demand. Cargo surveyors reported higher shipments in the first half of October.
Palm oil ended higher in Asian trading. Kenanga Futures cited strength in rival edible oils and optimism about early-October export demand as likely support, while abundant tropical oil supply may have capped gains.
(Update with midday break prices, add analyst's comment) JAKARTA, Oct 16 (Reuters) — Malaysian palm oil futures rose on Friday, supported by bargain buying and strong export demand, after cargo surveyors reported higher shipments in the first half of October, putting the market on track for a second consecutive weekly
Malaysian palm oil futures surged more than 3% to above MYR 4,750 per tonne, erasing prior losses and hitting a three-week high. Firmer edible oils on China’s Dalian exchange and Chicago markets boosted sentiment, while supply concerns in top producer Indonesia also added support. The Indonesian Palm Oil Association pr
Malaysian palm oil futures retreated after recent gains, slipping below MYR 4,700 per tonne amid weaker edible oils on China’s Dalian exchange and lower crude oil prices, which reduced palm oil’s appeal as a biodiesel feedstock. Sentiment was also weighed down by renewed concerns over record-high inventories, which cli
A trader says stronger October export demand and elevated energy prices supported palm oil, while record-high domestic inventories limited gains. He sees support around 4,600 ringgit a ton; the resistance level is truncated in the source.
Oct 13 (Reuters) — Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8783.20 66.60 NZX 50** 13,827.62 78.27 DJIA 51,862.22 207.27 NIKKEI** 69,030.92 −11.19 Nasdaq 27,243.96 -122.21 FTSE** 10,656.28 104.23 S&P 500 7,802.85 -8.69 Hang Seng** 24,271.20 59.85 SPI 200 Fut 8,819.5 41.0 STI** 5,415.48 13.59 SSEC** 3
Malaysian palm oil futures eased below MYR 4,600 per tonne after recent gains, pressured by weaker edible oils on the Dalian and Chicago markets and lower crude oil prices, which reduced palm oil’s competitiveness as a biodiesel feedstock. Sentiment remained bearish after monthly data from the Malaysian Palm Oil Board
Oct 13 (Reuters) — Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8783.20 66.60 NZX 50** 13,827.62 78.27 DJIA 51,850.55 195.60 NIKKEI** 69,030.92 −11.19 Nasdaq 27,246.85 -119.32 FTSE** 10,656.28 104.23 S&P 500 7,802.85 -8.69 Hang Seng** 24,271.20 59.85 SPI 200 Fut 8,814.00 35.5 STI** 5,415.48 13.59 SSEC**
Malaysian palm oil futures climbed 1% on Monday, supported by firmer Dalian palm olein prices and strong export data. Record-high September stockpiles capped gains.
Gold futures rose 1.4% for the week, while silver gained 2.7% and palm oil futures fell as an expected Malaysian export duty waiver failed to materialize. The roundup also noted EU merger scrutiny of MMG's planned Anglo American nickel deal and operational updates from West African Resources and Fortescue.
Palm oil futures fell after a hoped-for Malaysian export duty waiver failed to materialize, while West African Resources and Fortescue reported operational updates on gold output and iron-ore sales. The package also includes comments on MMG's proposed acquisition of Anglo American's Brazilian nickel business.
Gold futures advanced more than 1% in early European trading as the dollar weakened and oil prices slipped. Market participants also were reassessing the inflation and interest-rate outlook.
Malaysian palm oil futures inched higher, hovering near MYR?4,670 per tonne after a strong rally, supported by firmer edible oils in Dalian and Chicago and brisk Indian buying, with refiners securing about 150,000 tonnes in just three days amid tight sunflower oil supplies ahead of November’s festive demand. Traders al
U.S. natural gas futures turned lower after the EIA reported a weekly inventory increase above expectations. The build left stocks at 3,500 Bcf, 68 Bcf above the 2021-2025 average.
Malaysian palm oil futures surged 2.5% to around MYR?4,650 per tonne, snapping recent declines as a weaker ringgit and firmer crude oil prices boosted competitiveness. Gains in rival edible oils on China’s Dalian exchange also lifted sentiment as markets reopened after Golden Week. In India, buyers secured about 150,00
Malaysian palm oil futures closed lower on Tuesday as concerns over rising September stockpiles and weaker crude oil prices weighed on the market. The benchmark contract for December delivery shed 0.39% to 4,560 ringgit a metric ton.
Malaysian palm oil futures were little changed on Tuesday, with gains from stronger crude oil prices tempered by concerns of higher September stockpiles. Benchmark contract for December delivery gained 2 ringgit, or 0.04%, to 4,580 ringgit a metric ton. Expectations of high September inventories continued to cap gains.
Malaysian palm oil futures extended gains for a second straight session on Tuesday, buoyed by firmer crude oil prices and a weaker ringgit. The benchmark contract for December delivery gained 12 ringgit, or 0.26%, to 4,590 ringgit a metric ton.
December palm rose 0.35% to 4,640 ringgit/ton by midday break, with traders awaiting September export data. Contract down 5.19% so far this month.
Reuters Asia morning markets round-up for Sept. 30 showed global equities mostly lower, with major bond yields elevated and currencies mixed. Gold rose 1% after a recent low, while Brent crude fell.
Stock markets were mixed across Asia and elsewhere on Tuesday as bond yields extended recent gains. Gold rose 1%, while the dollar strengthened against major currencies.