Author Topic: CRUDE PALM OIL  (Read 19974 times)

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Re: CRUDE PALM OIL
« Reply #550 on: September 20, 2017, 10:18:28 AM »




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19/9/17

Malaysia's Biggest Investment Forum

Re: CRUDE PALM OIL
« Reply #550 on: September 20, 2017, 10:18:28 AM »

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Re: CRUDE PALM OIL
« Reply #551 on: September 20, 2017, 09:08:21 PM »




MALAYSIA
Vegoils
Palm up on overnight soyoil strength, stronger exports
Reuters
/
Reuters

September 20, 2017 20:05 pm MYT
-A+A
KUALA LUMPUR (Sept 20): Malaysian palm oil futures rose for the first time in five sessions on Wednesday, supported by rising export demand and strength in soyoil on the Chicago Board of Trade (CBOT).

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 0.1% to RM2,770 a tonne at the end of the trading day.

The rise followed four straight declines as palm tracked weakness in related edible oils and was also pulled lower by bearish price outlooks at an industry conference last week.

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Traded volumes stood at 64,331 lots of 25 tonnes each on Wednesday evening.

"The market is higher on soyoil closing (higher) last night," said one Kuala Lumpur-based futures trader, referring to CBOT soyoil.

He added that strong export data from cargo surveyors was also supporting the market, but the gains are likely to be short-lived because expectations of stronger exports are already priced in.

"The market needs to break above RM2,800 to continue its bullish rally. Otherwise it will come lower to RM2,740-2,750," the trader said.

Palm oil shipments from Malaysia, the world's second-largest producer behind Indonesia, in the first 20 days of September rose 25.4% from the same period the previous month, data from Intertek Testing Services showed on Wednesday.

Another cargo surveyor, Societe Generale de Surveillance reported on Wednesday evening a 26.8% rise in shipments for the same period.

Demand for the tropical oil is seen rising throughout September as key buyers China and India stock up ahead of the mid-autumn festival and Diwali respectively, which lead to higher usage of palm oil.

Palm oil prices are also affected by movements in other edible oils including soy.

The October soybean oil contract on the Chicago Board of Trade posted its first gain in a week on Tuesday but was last down 0.1% on Wednesday.

The January soybean oil contract on the Dalian Commodity Exchange dipped by 0.3%, while the January palm olein contract fell 0.6%.

Palm, soy and crude oil prices at 1129 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         OCT7       2787     +1.00      2777      2796       381
MY PALM OIL         NOV7       2768     -3.00      2762      2790      6998
MY PALM OIL         DEC7       2769     +3.00      2761      2787     27728
CHINA PALM OLEIN    JAN8       5720    -32.00      5686      5762    490428
CHINA SOYOIL        JAN8       6324    -18.00      6294      6356    344534
CBOT SOY OIL        DEC7      34.74     -0.03     34.62     34.96      7665
INDIA PALM OIL      SEP7     537.90     -3.60    537.50     544.4      1306
INDIA SOYOIL        SEP7      667.2     +0.75     666.5    667.45      2640
NYMEX CRUDE         OCT7      50.06     +0.58     49.75     50.10      3594
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.1915)
(US$1 = 64.4200 Indian rupees)
(US$1 = 6.5660 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #552 on: September 21, 2017, 10:33:04 AM »




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20/9/17

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Re: CRUDE PALM OIL
« Reply #553 on: September 25, 2017, 02:28:12 PM »




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21/9/17

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Re: CRUDE PALM OIL
« Reply #554 on: September 27, 2017, 10:41:42 AM »




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26/9/17

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Re: CRUDE PALM OIL
« Reply #555 on: September 27, 2017, 01:37:22 PM »





Commodities
Palm oil futures drop after soy falls on EPA’s biofuel notice
Bloomberg
/
Bloomberg

September 27, 2017 12:28 pm MYT

-A+A
KUALA LUMPUR (Sept 27): Palm oil for Dec. delivery drops as much as 1.1% to RM2,718/ton on Bursa Malaysia Derivatives before trading at RM2,730 by 11:11am in Kuala Lumpur.

* Futures -12% YTD

* Market went lower, tracking losses in Tuesday’s soybean oil trade due the impact of the EPA notice, says David Ng, derivatives specialist at Phillip Futures in Kuala Lumpur.

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* NOTE: EPA Opens Door to Cutting Biodiesel, Renewable Fuel Quotas

* Soybean oil for Dec. delivery on Chicago Board of Trade +0.1% to 33.48c/lb, -1.7% Tuesday

** Nov. soybeans -0.1% to $9.63/bu, -0.8% Tuesday

* Soybean oil’s premium over palm oil ~$92/ton vs avg ~$112 over past year: data compiled by Bloomberg

* Palm oil’s premium over gasoil at ~$100/ton vs avg ~$167 over past year: data compiled by Bloomberg

* Jan. refined palm oil on Dalian Commodity Exchange +0.4% to 5,626 yuan/ton; Jan. soybean oil -0.5% to 6,152 yuan/ton

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Re: CRUDE PALM OIL
« Reply #556 on: September 27, 2017, 03:11:45 PM »




MALAYSIA
Vegoils
Palm sheds early gains tracking overnight losses in rival soyoil
Reuters
/
Reuters

September 27, 2017 14:17 pm MYT

-A+A
KUALA LUMPUR (Sept 27): Malaysian palm oil futures erased earlier gains to edge lower on Wednesday, tracking overnight losses in soyoil on the Chicago Board of Trade.

Losses in the ringgit, the currency of trade for palm oil, might curb declines in the tropical oil, said a trader.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 0.4% to 2,739 ringgit (US$649.44) a tonne at the midday break,
on track for its third drop in four sessions.

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Traded volumes stood at 22,474 lots of 25 tonnes each at noon.

Palm oil prices fell on Wednesday morning tracking overnight losses in CBOT soyoil, said two futures traders from Kuala Lumpur.

"Weakness in the local currency could, however, cushion the selling pressure," added one trader.

A weaker ringgit usually makes palm oil cheaper for holders of foreign currencies. Earlier in the session, the currency slipped as much as 0.3% to 4.2190 per dollar, its weakest in near three weeks.

The December soybean oil contract on the Chicago Board of Trade gained up to 0.4%, after closing down 1.6% in its previous session on better-than-expected yield
reports from the U.S. midwest.

Palm oil prices slided after the U.S. Environmental Protection Agency said it was seeking comments on a proposal to reduce biodiesel blending requirements into the domestic fuel supply. Soyoil is the primary feedstock for soy-based biodiesel fuel.

In other related oils, the January soybean oil contract on the Dalian Commodity Exchange fell as much as 0.6%, while the January palm olein contract climbed up to 0.5%.

Palm oil prices are impacted by the performances of related edible oils, as they compete for a share of the global vegetable oils market.
   
 Palm, soy and crude oil prices at 0500 GMT

 Contract          Month    Last  Change     Low    High  Volume
 MY PALM OIL       OCT7     2742  -13.00    2730    2742      31
 MY PALM OIL       NOV7     2736  -12.00    2715    2736    1915
 MY PALM OIL       DEC7     2739  -10.00    2718    2740    9232
 CHINA PALM OLEIN  JAN8     5628  +28.00    5612    5672  325238
 CHINA SOYOIL      JAN8     6154  -34.00    6140    6212  268552
 CBOT SOY OIL      DEC7    33.56   +0.11    33.4   33.57    8927
 INDIA PALM OIL    SEP7   547.60   +0.10  547.00     548       8
 INDIA SOYOIL      OCT7    674.9   -2.25     673     676    2420
 NYMEX CRUDE       NOV7    52.15   +0.27   52.03   52.18   15188

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.2175 ringgit)
(US$1 = 65.5200 Indian rupees)
(US$1 = 6.6300 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #557 on: September 27, 2017, 03:13:29 PM »




MALAYSIA
Technicals
Palm oil may retest 2,905 ringgit in three months
Reuters
/
Reuters

September 27, 2017 14:33 pm MYT

-A+A
SINGAPORE (Sept 27): Palm oil may retrace into a range of 2,537-2,606 ringgit per tonne, before retesting a resistance at 2,905 ringgit in three months, as suggested by its wave pattern and a Fibonacci retracement analysis.

The contract is riding on a wave C, the third wave of a presumed three-wave cycle from the Aug 25, 2015 low of 1,863 ringgit. This wave is capable of eventually travelling to Dec 16, 2016 high of 3,202 ringgit, the peak of the wave A.

The wave B reversed roughly 61.8% of the wave A, as revealed by a Fibonacci retracement analysis on the rise from 1,863 ringgit to 3,202 ringgit.

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Another retracement analysis on the uptrend from 1,863 ringgit to the March 29, 2016 high of 2,793 ringgit shows that the correction from 2,793 ringgit also ended around the 61.8% level of 2,218 ringgit.

Similarly, the uptrend from the June 13 low of 2,425 ringgit failed to extend above a key resistance at 2,905 ringgit, the 61.8% retracement on the downtrend from 3,202 ringgit to 2,425 ringgit.

It seems that the contract follows the golden ratio closely whenever it has a decent retracement. The current correction may be deep enough to extend to 2,605 ringgit, a 61.8% retracement, or a bit further to 2,536 ringgit.

A break above 2,814 ringgit may signal a resumption of the uptrend towards the range of 3,019-3,202 ringgit. - by Wang Tao, Reuters

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

(US$1 = 4.4430 ringgit)

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Re: CRUDE PALM OIL
« Reply #558 on: September 28, 2017, 10:18:21 AM »




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27/9/17

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Re: CRUDE PALM OIL
« Reply #559 on: September 28, 2017, 04:07:02 PM »





Palm falls nearly 2%, tracking weakness in related oils
Reuters
/
Reuters

September 28, 2017 15:42 pm MYT

-A+A
KUALA LUMPUR (Sept 28): Malaysian palm oil futures fell sharply in early trade on Thursday, tracking weakness in rival edible oilseeds and set for a second straight day of losses.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 1.8% to 2,698 ringgit (US$637.83) a tonne at the midday break,
its sharpest decline since Sept 18.

Traded volumes stood at 26,797 lots of 25 tonnes each at noon.

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"The heavy drop in China palm olein and weakness in rival oilseed soy dampened market sentiment," said a Kuala Lumpur based futures trader, referring to palm olein on China's Dalian Commodity Exchange and soyoil on the U.S. Chicago Board of Trade.

China soybean oil futures fell over 2% on Thursday, reaching their lowest level in three months, following a drop in global prices and amid ongoing pressure from large stocks.

A palm oil trader in Kuala Lumpur said Dalian's palm olein decline could be due to profit-taking ahead of a week-long long holiday. China's announcement on Monday that it would start acutioning soybeans its from state reserves could also weigh on trading sentiment, said traders.

Palm oil prices are affected by the performance of related edible oils such as soy, as they compete for a share of the global vegetable oils market.

Buyers would usually switch to soyoil if its spread with palm oil narrows, as it is perceived to be of better quality.

The December soybean oil contract on the Chicago Board of Trade was down 0.4%, while the January soybean oil contract on the Dalian Commodity Exchange fell 1.5%.

In other related oils, the January palm olein contract dropped as much as 2%.
   
 Palm, soy and crude oil prices at 0437 GMT
 Contract          Month    Last   Change     Low   High  Volume
 MY PALM OIL       OCT7     2730   -29.00    2707   2730      28
 MY PALM OIL       NOV7     2696   -48.00    2694   2710    1794
 MY PALM OIL       DEC7     2698   -49.00    2696   2714   10654
 CHINA PALM OLEIN  JAN8     5526  -114.00    5450   5642  664468
 CHINA SOYOIL      JAN8     6080   -94.00    6026   6164  375846
 CBOT SOY OIL      DEC7     33.1    -0.13   33.03  33.26    5011
 INDIA PALM OIL    SEP7   547.50    +0.40  546.50  547.7      19
 INDIA SOYOIL      OCT7        0    +0.00       0      0       0
 NYMEX CRUDE       NOV7    51.99    -0.15   51.94  52.13   14404

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.2300 ringgit)
(US$1 = 65.8100 Indian rupees)
(US$1 = 6.6565 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #560 on: September 29, 2017, 10:17:19 AM »




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Re: CRUDE PALM OIL
« Reply #561 on: October 02, 2017, 05:12:54 PM »




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Re: CRUDE PALM OIL
« Reply #562 on: October 02, 2017, 07:55:07 PM »




MALAYSIA
Vegoils
Palm drops for fourth straight day, down on weaker soyoil
Reuters
/
Reuters

October 02, 2017 19:18 pm MYT

-A+A
KUALA LUMPUR (Oct 2): Malaysian palm oil futures fell for a fourth consecutive session on Monday evening, weighed down by weaker soyoil on the Chicago Board of Trade (CBOT) and expectations of rising stockpiles.

Public holidays in China and India, the top two buyers of the tropical oil, also kept trade subdued.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.1% at 2,666 ringgit (US$629.96) a tonne at the close of trade.

Palm earlier fell to a daily low of 2,655 ringgit, its weakest since Aug 18.

Traded volumes stood at 38,588 lots of 25 tonnes each on Monday evening.

"It looks like palm fell tracking the soybean oil market," said a Kuala Lumpur based futures trader. "Expectations of higher stockpiles also weighed on the market."

Malaysian palm oil inventories rose to 1.9 million tonnes at the end of August, their highest since February 2016.

Traders say production in September is expected to rise from the month before, in line with the seasonal trend, and could contribute to rising end-stocks.

A second trader earlier said palm prices could decline, "mirroring listless movement in rival oilseeds."

Palm oil prices are affected by the performance of related edible oils such as soy, as they compete for a share of the global vegetable oils market.

The December soybean oil contract on the Chicago Board of Trade was down 0.6%. China's Dalian Commodity
Exchange is closed for a national public holiday.

Palm oil may break a support at 2,694 ringgit per tonne and fall more to the next support at 2,651 ringgit, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.
   
 Palm, soy and crude oil prices at 1052 GMT

Contract   Month   Last   Change   Low   High   Volume
MY PALM OIL   OCT7   2689   -30.00   2689   2725   269
MY PALM OIL   NOV7   2664   -32.00   2657   2699   1684
MY PALM OIL   DEC7   2665   -29.00   2655   2703   18206
CHINA PALM OLEIN   JAN8   0   +0.00   0   0   0
CHINA SOYOIL   JAN8   0   +0.00   0   0   0
CBOT SOY OIL   DEC7   32.63   -0.11   32.57   32.91   7930
INDIA PALM OIL   OCT7   532.20   -4.10   528.40   538   2975
INDIA SOYOIL   OCT7   661.7   -5.45   659.3   667.8   21250
NYMEX CRUDE   NOV7   50.79   -0.88   50.74   51.71   125898
 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.2320 ringgit)
(US$1 = 65.3050 Indian rupees)
(US$1 = 6.6533 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #563 on: October 03, 2017, 12:01:24 PM »




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2/10/17

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Re: CRUDE PALM OIL
« Reply #564 on: October 04, 2017, 10:48:32 AM »




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3/10/17

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Re: CRUDE PALM OIL
« Reply #565 on: October 04, 2017, 12:38:03 PM »




MALAYSIA
Technicals
Palm oil may retest support at RM2,651
Reuters
/
Reuters

October 04, 2017 11:35 am MYT

-A+A
SINGAPORE (Oct 4): Palm oil December contract may retest a support at RM2,651 per tonne, as it could have completed a bounce triggered by this level.

The support is identified as the 61.8% Fibonacci retracement of the uptrend from the July 19 low of RM2,512 to the Sept 14 high of RM2,876.

Three waves make up the correction from RM2,876. The third wave, labelled c, is capable of travelling to RM2,579, its 100% Fibonacci projection level.

Another retracement analysis on the third month continuous chart reveals a similar target at RM2,609.

Resistance is at RM2,694, a break above which could lead to a gain to RM2,737.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

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Re: CRUDE PALM OIL
« Reply #566 on: October 06, 2017, 10:32:26 AM »




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Re: CRUDE PALM OIL
« Reply #567 on: October 09, 2017, 12:21:53 PM »




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Re: CRUDE PALM OIL
« Reply #568 on: October 10, 2017, 11:11:36 AM »



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Re: CRUDE PALM OIL
« Reply #569 on: October 10, 2017, 03:58:11 PM »




MALAYSIA
Vegoils
Palm slips after 5 sessions of gains on weaker Dalian soyoil
Reuters
/
Reuters

October 10, 2017 15:21 pm MYT

-A+A
KUALA LUMPUR (Oct 10): Malaysian palm oil futures slipped in early trade on Tuesday after five straight sessions of gains, tracking weakness in related edible oils on China's Dalian Commodity Exchange.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 0.1% at RM2,733 (US$647.32) a tonne at the midday break.

Traded volumes stood at 14,850 lots of 25 tonnes each at Tuesday noon.

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"Palm oil is most likely down following the Dalian Commodity Exchange," said a futures trader from Kuala Lumpur.

The January soybean oil contract on China's Dalian Commodity Exchange fell 0.7%, while the January palm olein contract declined 0.6%.

Another trader said a stronger ringgit also weighed on palm prices, as this makes the tropical oil more expensive for holders of foreign currencies.

The ringgit, the currency of trade for palm oil, hit a one-week high against the US dollar and was last up 0.2% at 4.2230 per US dollar.

Rising inventory levels in Malaysia, the world's second largest producer of the tropical oil, could further weigh on palm prices.

Inventory levels at the end of September rose 4% from a month earlier to 2.02 million tonnes, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Tuesday.

Output declined 1.7% to 1.78 million tonnes, while exports rose 1.8% to 1.52 million tonnes.

In other related edible oils, the December soybean oil contract on the Chicago Board of Trade was down 0.2%.

Palm oil may break resistance at RM2,738 per tonne and rise into a range of RM2,765-2,791, according to Reuters market analyst for commodities and energy technicals Wang Tao.

Palm, soy and crude oil prices at 0619 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         OCT7       2711    -28.00      2711      2711         2
MY PALM OIL         NOV7       2734     -4.00      2730      2739       667
MY PALM OIL         DEC7       2733     -2.00      2726      2739      4820
CHINA PALM OLEIN    JAN8       5546    -42.00      5528      5582    318282
CHINA SOYOIL        JAN8       6076    -44.00      6064      6120    230650
CBOT SOY OIL        DEC7      33.18     +0.00     33.11     33.25      4029
INDIA PALM OIL      OCT7     540.00     -1.20    539.00     543.7       187
INDIA SOYOIL        OCT7      658.7     -1.15     658.7       663      4210
NYMEX CRUDE         NOV7      49.61     +0.03     49.54     49.73     14702
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.2220)
(US$1 = 65.2650 Indian rupees)
(US$1 = 6.5937 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #570 on: October 12, 2017, 04:33:01 PM »




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Re: CRUDE PALM OIL
« Reply #571 on: October 12, 2017, 04:33:45 PM »




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Re: CRUDE PALM OIL
« Reply #572 on: October 13, 2017, 03:26:09 PM »




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Re: CRUDE PALM OIL
« Reply #573 on: October 16, 2017, 11:03:03 AM »




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Re: CRUDE PALM OIL
« Reply #574 on: October 17, 2017, 10:35:43 AM »




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Re: CRUDE PALM OIL
« Reply #575 on: October 17, 2017, 04:29:20 PM »




MALAYSIA
Vegoils
Palm hits 3-week high on stronger rival oils, technical gains
Reuters
/
Reuters

October 17, 2017 14:37 pm MYT

-A+A
KUALA LUMPUR (Oct 17): Malaysian palm oil futures climbed to their highest in near three weeks on Tuesday, buoyed by overnight strength in related edible oils and on technical gains.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange climbed 0.2% to RM2,767 (US$655.30) a tonne at the midday break, poised for a fifth straight session of gains. Earlier in the session, it touched RM2,768, its strongest since Sept 27.

Traded volumes stood at 24,371 lots of 25 tonnes each at the midday break.

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"Palm is up as the external market remains firm," said a futures trader from Kuala Lumpur, referring to soyoil on the Chicago Board of Trade.

"However, the market is awaiting Dalian to dictate this afternoon's crude palm oil market," he added.

Another trader said palm futures were underpinned by technical gains, but this rally could be short-lived as the tropical oil's fundamentals looked bearish.

"We will have an increase in production and growth exports may reduce, and it could hit 2 million tonnes in stocks by December," he said.

Malaysia's palm oil stocks at end-September climbed 4% to 2.02 million tonnes from the previous month, while production in September fell 1.7% from August to 1.78 million tonnes, according to data from industry regulator Malaysian Palm Oil Board last week.

Exports rose 1.8% to 1.52 million tonnes.

However, production in October is seen rising on-month due to the higher number of working days.

In other related edible oils, the December soybean oil contract on the Chicago Board of Trade gained as much as 0.3%, while the January soybean oil contract on China's Dalian Commodity Exchange climbed up to 0.4%.

The January palm olein contract was up by 0.3%.

Palm's prices are impacted by movements of related oils as they compete for a share in the global vegetable oils market.

Palm still targets a range of RM2,782-2,812 per tonne, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.

Palm, soy and crude oil prices at 0552 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         NOV7       2756     +1.00      2749      2758       512
MY PALM OIL         DEC7       2757     +3.00      2744      2759      3523
MY PALM OIL         JAN8       2767     +5.00      2753      2768     10280
CHINA PALM OLEIN    JAN8       5620    +18.00      5574      5646    263696
CHINA SOYOIL        JAN8       6104     +4.00      6074      6128    202544
CBOT SOY OIL        DEC7      33.69     +0.10     33.61      33.7      2005
INDIA PALM OIL      OCT7     538.80     +1.40    537.10     539.1        59
INDIA SOYOIL        NOV7      671.5     +2.15     669.4    672.75      3650
NYMEX CRUDE         NOV7      51.76     -0.11     51.74     51.95      9553
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.2225)
(US$1 = 64.9050 Indian rupees)
(US$1 = 6.6100 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #576 on: October 19, 2017, 10:19:40 AM »




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Re: CRUDE PALM OIL
« Reply #577 on: October 20, 2017, 10:59:20 AM »




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Re: CRUDE PALM OIL
« Reply #578 on: October 23, 2017, 10:14:19 AM »




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Re: CRUDE PALM OIL
« Reply #579 on: October 24, 2017, 10:24:18 AM »




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Re: CRUDE PALM OIL
« Reply #580 on: October 25, 2017, 12:18:11 PM »




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Re: CRUDE PALM OIL
« Reply #581 on: October 26, 2017, 04:22:03 PM »




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Re: CRUDE PALM OIL
« Reply #582 on: October 27, 2017, 12:01:39 PM »




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Re: CRUDE PALM OIL
« Reply #583 on: October 27, 2017, 09:19:42 PM »




MALAYSIA
Vegoils
Palm erases most of the day's gains as profit taking emerges
Reuters
/
Reuters

October 27, 2017 21:02 pm MYT

-A+A
KUALA LUMPUR (Oct 27): Malaysian palm oil futures were virtually flat on Friday, giving up most early gains as profit taking emerged and the market was cautious ahead of export data due early next week.

"Palm is off its high now, probably due to technical selling and traders profit taking ahead of the weekend, as crude oil prices have eased and overseas rival oil markets are also off highs," a Kuala Lumpur-based futures trader said.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.14% at 2,817 ringgit (US$664) a tonne.

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Traded volumes totalled 48,620 lots of 25 tonnes each on Friday.

The market is likely to remain cautious ahead of export data due on Tuesday, from cargo surveyors Intertek Testing Services and Societe Generale de Surveillance for Oct 1-31.

Intertek Testing Services reported on Wednesday that exports of Malaysian palm oil products during Oct 1-25 rose 8.6% to 1,177,939 tonnes, from 1,085,116 tonnes shipped a month earlier.

Societe Generale de Surveillance said exports of Malaysian palm oil products during Oct 1-25 rose 8.3% to 1,197,237 tonnes, from 1,105,555 tonnes shipped a month ago.

Data from the Malaysian Palm Oil Association's (MPOA) for Oct 1-20 showed production rose by 10.5%.

Concerns the La Nina weather pattern could hurt production, buoyed palm prices, the trader said.

The December soybean oil contract on the CBOT declined by 0.03%, while the January soybean oil contract on the Dalian gained up to 0.2%, and the January palm olein contract rose 0.3%.

Movements in related oils impact palm prices, as they compete for a share in the global vegetable oils market.

Palm oil is poised to break a resistance at 2,812 ringgit per tonne, and head closer to the Sept 14 high of 2,860 ringgit, says Reuters market analyst for commodities and energy technicals, Wang Tao.
   
 Palm, soy and crude oil prices at 1042 GMT
   
 Contract             Month      Last    Change        Low   High       Volume
 MY PALM OIL       NOV7          2786     +1.00       2786   2808          329
 MY PALM OIL       DEC7          2794     -1.00       2791   2814         2063
 MY PALM OIL       JAN8          2817     +4.00       2810   2833        23811
 CHINA PALM OLEIN  JAN8          5706    +18.00       5666   5726       316448
 CHINA SOYOIL      JAN8          6128    +12.00       6110   6146       220800
 CBOT SOY OIL      DEC7          34.5     +0.00      34.45  34.63         6286
 INDIA PALM OIL    OCT7        544.40     +0.20     542.90  546.4          784
 INDIA SOYOIL      NOV7         676.2     -0.40      675.4  677.9        12290
 NYMEX CRUDE       DEC7         52.48     -0.16      52.47  52.82        73417
 
 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese
 yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.2410 ringgit)
(US$1 = 65.0050 Indian rupees)
(US$1 = 6.6480 Chinese yuan renminbi)

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Re: CRUDE PALM OIL
« Reply #584 on: October 30, 2017, 02:15:03 PM »




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Re: CRUDE PALM OIL
« Reply #585 on: October 31, 2017, 10:19:56 AM »




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Re: CRUDE PALM OIL
« Reply #586 on: October 31, 2017, 11:06:15 AM »





Palm oil may climb to RM2,878
Reuters
/
Reuters

October 31, 2017 10:41 am MYT

-A+A
SINGAPORE (Oct 31): The palm oil January contract may climb to RM2,878 per tonne, as it has cleared a resistance at RM2,826.

The resistance was at the 38.2% Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle from the May 31 low of RM2,416.

This wave is capable of travelling into a wide range of RM2,930-3,100. A more realistic target could be RM2,878.

A Fibonacci retracement analysis on the downtrend from the Sept 14 high of RM2,860 to the Oct 3 low of RM2,656 reveals a support at RM2,832, the 86.4% level, a break below which could cause a loss to RM2,812.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

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Re: CRUDE PALM OIL
« Reply #587 on: November 01, 2017, 12:23:55 PM »




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Re: CRUDE PALM OIL
« Reply #588 on: November 01, 2017, 12:29:59 PM »




Technicals
Palm oil may slide more to RM2,782
Reuters
/
Reuters

November 01, 2017 11:52 am MYT

-A+A
SINGAPORE (Nov 1): The palm oil January contract may slide more to RM2,782 per tonne, following its failure to break a resistance at RM2,860.

The resistance is established at the Sept. 14 high. The wave pattern shows that the drop seems to be driven by a wave 4, the fourth wave of a five-wave cycle from Oct. 11 low of RM2,685.

This wave could be as big as the former wave 2, to travel to RM2,800, as suggested by a rising channel. Logically, a drop to RM2,800 will confirm a break below RM2,812, and the break could cause a further loss to RM2,782, the 61.8% Fibonacci retracement of the downtrend from RM2,860 to the Oct. 3 low of RM2,656.

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Resistance is at RM2,832, a break above which could lead to a gain to RM2,860.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

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Re: CRUDE PALM OIL
« Reply #589 on: November 02, 2017, 12:03:45 PM »




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Re: CRUDE PALM OIL
« Reply #590 on: November 03, 2017, 10:31:16 AM »




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Re: CRUDE PALM OIL
« Reply #591 on: November 06, 2017, 10:16:19 AM »




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Re: CRUDE PALM OIL
« Reply #592 on: November 06, 2017, 02:00:57 PM »




MALAYSIA
Commodities
Palm oil may drop to 2,779 ringgit
Reuters
/
Reuters

November 06, 2017 13:27 pm MYT

-A+A
SINGAPORE (Nov 6): The palm oil January contract may drop to 2,779 ringgit per tonne, as it has broken a support at 2,808 ringgit.

The support was established at the 23.6% Fibonacci retracement of the uptrend, from 2,656 ringgit to 2,855 ringgit. The next support will be at 2,779 ringgit, a break below which could cause a further loss to 2,756 ringgit.

A Fibonacci projection analysis reveals that the contract found a temporary support at 2,792 ringgit, the 100% level of a downward wave c. However, it is very doubtful if the support will hold further.

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A bounce will be regarded as a pullback towards a rising trendline. It may be limited to 2,826 ringgit. - by Wang Tao, Reuters

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

(US$1 = 4.4430 ringgit)

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Re: CRUDE PALM OIL
« Reply #593 on: November 07, 2017, 10:58:54 AM »




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Re: CRUDE PALM OIL
« Reply #594 on: November 07, 2017, 02:37:34 PM »




Vegoils
Palm sees first gain in four sessions on stronger overnight soyoil
Reuters
/
Reuters

November 07, 2017 14:12 pm MYT

-A+A
KUALA LUMPUR (Nov 7): Malaysian palm oil futures rose in early trade on Tuesday, on track to snap three earlier losing sessions, as palm gained on overnight strength in Chicago Board of Trade's (CBOT) soyoil.

Palm was also supported by Monday's surge in crude oil prices, but gains could be capped by a stronger Malaysian ringgit, traders said.

A stronger ringgit, palm's currency of trade, makes the edible oil more expensive for holders of foreign currencies. The ringgit was last up 0.1% against the U.S. dollar at 4.2250.

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The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.3% at 2,791 ringgit (US$660.59) a tonne at the midday break.

Traded volumes stood at 14,250 lots of 25 tonnes each at noon.

"Overnight gains in rival oilseed soy and stronger crude oil may renew some buying interest," said a futures trader from Kuala Lumpur, referring to CBOT soyoil and gains in crude oil prices.

Oil prices rose as much as 3.5% on Monday, hitting their highest since mid-2015, on the back of a corruption crackdown in Saudi Arabia and as the U.S. rig count fell.

Another trader added that while palm was up on soyoil's overnight strength, a stronger ringgit was seen "checking palm's upside."

Palm oil is affected by movements in related oils, as they compete for a share in the global vegetable oils market. The December soybean oil contract on the Chicago Board of Trade rose 0.9% on Monday, but was trading flat around 0455 GMT on Tuesday.

Crude oil also affects palm prices as the vegetable oil is used as feedstock to make biodiesel as a fuel substitute.

Palm oil looks neutral in a range of 2,779-2,808 ringgit per tonne, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.

In other related edible oils, the January soybean oil contract on the Dalian Commodity Exchange was up 0.7%, while the January palm olein contract on Dalian rose 0.5%.
   
 Palm, soy and crude oil prices at 0455 GMT

 Contract          Month    Last  Change     Low    High  Volume
 MY PALM OIL       NOV7     2756  -16.00    2755    2794     309
 MY PALM OIL       DEC7     2774   +6.00    2774    2792     314
 MY PALM OIL       JAN8     2791   +8.00    2789    2808    7178
 CHINA PALM OLEIN  JAN8     5656  +30.00    5614    5680  190176
 CHINA SOYOIL      JAN8     6130  +40.00    6090    6156  161298
 CBOT SOY OIL      DEC7    34.73   +0.00   34.66   34.87    5591
 INDIA PALM OIL    NOV7   552.70   +2.10  552.30     554      99
 INDIA SOYOIL      NOV7    692.9   +2.00   692.2   694.8     810
 NYMEX CRUDE       DEC7    57.35   +0.00   57.16   57.44   22424

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.2250 ringgit)
(US$1 = 64.8200 Indian rupees)
(US$1 = 6.6210 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #595 on: November 08, 2017, 03:49:02 PM »




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Re: CRUDE PALM OIL
« Reply #596 on: November 10, 2017, 12:12:03 PM »




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Re: CRUDE PALM OIL
« Reply #597 on: November 13, 2017, 11:23:00 AM »




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Re: CRUDE PALM OIL
« Reply #598 on: November 14, 2017, 08:45:07 AM »




Malaysian palm oil price in biggest decline in a month on stronger ringgit
PALM OIL
Tuesday, 14 Nov 2017

6:45 AM MYT
image: https://www.thestar.com.my/~/media/online/2017/09/25/23/37/sime-palm-oil.ashx/?w=620&h=413&crop=1&hash=7C07D47AB78F9039FF4C66D7C7B00150DEE88342

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 1.3 percent at 2,761 ringgit ($658.95) a tonne at the close of trade, its sharpest fall in a day since Oct. 10.  The market earlier fell to a low of 2,759 ringgit, its weakest in three weeks.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 1.3 percent at 2,761 ringgit ($658.95) a tonne at the close of trade, its sharpest fall in a day since Oct. 10. The market earlier fell to a low of 2,759 ringgit, its weakest in three weeks.

KUALA LUMPUR: Malaysian palm oil futures suffered their sharpest daily decline in over a month on Monday evening, falling for a third consecutive day as they tracked a weaker performing soyoil on the Chicago Board of Trade (CBOT).

A stronger ringgit, palm's currency of trade, also weighed on the tropical oil, said a trader, as this makes the oilseed more expensive for foreign buyers.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 1.3 percent at 2,761 ringgit ($658.95) a tonne at the close of trade, its sharpest fall in a day since Oct. 10.

The market earlier fell to a low of 2,759 ringgit, its weakest in three weeks.


"Palm is down following the overnight soybean oil market, which is looking at market oversupplies," said a Kuala Lumpur-based futures trader, referring to CBOT soyoil, which witnessed a third session of declines following a U.S. Department of Agriculture (USDA) crop report released last week.

The USDA had raised its corn crop forecast to 14.578 billion bushels, based on an average yield of 175.4 bushels per acre, which would top a record set last year if realised.

The trader added that the stronger ringgit, currently at its strongest levels in nearly two months, also weighed on the market. It closed flat at 4.1900 per dollar on Monday evening.

A weaker export outlook also contributed to the market's decline on Monday, said another trader, as the demand for the tropical oil tails off towards the year end.

Palm oil shipments from Malaysia fell 2.5-4.8 percent in the first 10 days of November versus the corresponding period last month, data from cargo surveyors showed on Friday.

In other related edible oils, the December soybean oil contract on the Chicago Board of Trade dropped as much as 0.5 percent, while the January soybean oil contract on the Dalian Commodity Exchange slipped up to 0.6 percent.

The January palm olein contract slightly dipped as much as 0.3 percent.

Palm oil is impacted by other edible oils as they compete for a share of the global vegetable oils market. - Reuters

TAGS / KEYWORDS:
Palm Oil , Plantations , Markets


Read more at http://www.thestar.com.my/business/business-news/2017/11/14/palm-in-biggest-decline-in-a-month-on-weaker-soyoil-stronger-ringgit/#FokmXbSPvlcGfiCA.99

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Re: CRUDE PALM OIL
« Reply #599 on: November 14, 2017, 03:13:34 PM »




MALAYSIA
Vegoils
Palm hits near 4-wk low on weaker related oils
Reuters
/
Reuters

November 14, 2017 14:45 pm +08

-A+A
KUALA LUMPUR (Nov 14): Malaysian palm oil futures hit their lowest in nearly four weeks on Tuesday, weighed down by overnight losses in the Chicago Board of Trade (CBOT) soyoil and weakness in related oils on China's Dalian Commodity Exchange.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 0.5% at 2,748 ringgit (US$656.16) a tonne at the midday break, heading for a fourth straight session of declines.

Earlier in the session, it fell as much as 0.8% to 2,738 ringgit, its lowest since Oct 20.

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Traded volumes stood at 12,864 lots of 25 tonnes each at noon.

Palm oil is impacted by movements in other edible oils, as they compete for a share of the global vegetable oils market.

The December soybean oil contract on the CBOT was up 0.2%, after posting its biggest single-day drop in nearly two months in the previous session.

The January soybean oil contract on the Dalian Commodity Exchange was down 0.8%, while the January palm olein contract fell 1.3%.

A likely slowdown in exports in the first half of November could dampen the market further, said a futures trader from Kuala Lumpur.

Appetite for palm oil usually slows towards the end of the year in markets with winter seasons such as China and Europe, as the tropical oil solidifies in cold temperatures. 
Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance are scheduled to release Nov 1-15 exports data after 0300 GMT on Wednesday.

Palm, soy and crude oil prices at 0534 GMT

Contract   Month   Last   Change   Low   High   Volume
MY PALM OIL   NOV7   0   +0.00   0   0   0
MY PALM OIL   DEC7   2725   -16.00   2718   2726   255
MY PALM OIL   JAN8   2748   -13.00   2738   2750   5959
CHINA PALM OLEIN   JAN8   5552   -72.00   5528   5608   238900
CHINA SOYOIL   JAN8   6030   -50.00   6020   6064   180636
CBOT SOY OIL   DEC7   34.39   +0.06   34.29   34.4   4498
INDIA PALM OIL   NOV7   565.70   -0.80   564.50   567.4   122
INDIA SOYOIL   NOV7   693   -1.75   693   694   620
NYMEX CRUDE   DEC7   56.63   -0.13   56.59   56.77   13213
  Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.1880 ringgit)
(US$1 = 65.4700 Indian rupees)
(US$1 = 6.6396 Chinese yuan)

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Re: CRUDE PALM OIL
« Reply #599 on: November 14, 2017, 03:13:34 PM »