Palm Oil Rises on Export Demand Support
Palm oil prices rose, supported by export demand.
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Palm Oil Nears MYR 4,800 as Profit-Taking Offsets Demand
Malaysian palm oil futures edged lower towards MYR 4,800 per tonne as traders took profits after prices approached a four-week high. Sentiment was also dampened by record inventories of 3.51 million tonnes in September, while seasonal production is expected to stay elevated in October after six consecutive monthly rise
Palm Oil Rises on Strength in Rival Edible Oils
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.
VEGOILS — Palm rises on bargain buying, strong exports; set for second weekly gain
(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
Palm Oil Rises on Strong Export Demand Amid High Inventories
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.
Palm Oil Rises Despite Bearish MPOB Data
Malaysian palm oil futures jumped 1.3% to about MYR?4,650 per tonne, rebounding from earlier weakness as firmer prices on China’s Dalian market lent support. Export prospects also brightened after surveyor Intertek estimated Malaysia’s shipments surged 33.5% in the first ten days of October from the same period in Sept
Basic materials roundup covers gold, palm oil, miners
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.
Gold rises more than 1% on softer dollar
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.
Palm Oil Drops to Eight-Week Low as Exports Slump, Supply Rises
Malaysian palm oil futures extended recent declines, hovering below MYR 4,650 per tonne and touching an eight-week low, as weaker edible oils on the Dalian market and sluggish export demand weighed on sentiment. Cargo surveyors noted palm oil shipments fell 15.1%—24.3% in the first 25 days of September from the same pe
Asia Morning Call: Nikkei rises 1.30%, US 10-year yield at 5.165%
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
Palm Oil Rises on Tighter Supply Outlook — Market Talk
Palm oil rises in early Asian trading, supported by expectations of tighter global vegetable-oil supplies. El Nino risks and tightening supply are likely to further support crude palm oil prices, CIMB Securities analyst Ivy Ng Lee Fang says in a report. However, weaker export demand could limit gai…