Author Topic: CRUDE PALM OIL  (Read 22732 times)

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Re: CRUDE PALM OIL
« Reply #650 on: January 24, 2018, 08:57:24 AM »



Malaysian palm oil price rebounds for 2nd day of gains on output decline
PALM OIL
Wednesday, 24 Jan 2018

6:45 AM MYT
image: https://www.thestar.com.my/~/media/online/2017/11/30/01/23/palm-oil1.ashx/?w=620&h=413&crop=1&hash=9E7180F7174DE97BC4958A42574ED48A2720BE83

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 0.8 percent at 2,494 ringgit ($635.41) a tonne at the close for a second consecutive daily gain.  It touched an intraday high of 2,508 ringgit but had shed as much as 0.9 percent earlier in the session on a stronger ringgit.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 0.8 percent at 2,494 ringgit ($635.41) a tonne at the close for a second consecutive daily gain. It touched an intraday high of 2,508 ringgit but had shed as much as 0.9 percent earlier in the session on a stronger ringgit.

KUALA LUMPUR: Malaysian palm oil futures rose more than 1 percent in afternoon trade on Tuesday, rebounding from a sharp decline earlier in the session, lifted by bullish sentiment on falling production.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 0.8 percent at 2,494 ringgit ($635.41) a tonne at the close for a second consecutive daily gain.

It touched an intraday high of 2,508 ringgit but had shed as much as 0.9 percent earlier in the session on a stronger ringgit, which usually weighs on the tropical oil by making it more expensive for holders of foreign currencies.

Trading volumes stood at 48,453 lots of 25 tonnes each on Tuesday evening.


"The market is also up on a technical rebound; prices fell too low earlier," the trader said.

Palm oil output is expected to register seasonal declines in the first quarter before picking up and heading towards peak production in the third quarter.

In related edible oils, the March soybean oil contract on the Chicago Board of Trade edged up 0.6 percent while May soybean oil on the Dalian Commodity Exchange gained 0.7 percent.

The Dalian May palm oil contract rose 0.5 percent.

Palm oil prices are affected by movements of related edible oils that compete for a share in the global vegetable oils market. - Reuters


Read more at https://www.thestar.com.my/business/business-news/2018/01/24/palm-oil-rebounds-for-second-day-of-gains-on-output-decline/#2ZyOCMyFSEAvCsqI.99

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Re: CRUDE PALM OIL
« Reply #650 on: January 24, 2018, 08:57:24 AM »

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Re: CRUDE PALM OIL
« Reply #651 on: January 30, 2018, 08:23:03 AM »



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Re: CRUDE PALM OIL
« Reply #652 on: January 30, 2018, 12:21:02 PM »



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Re: CRUDE PALM OIL
« Reply #653 on: February 06, 2018, 02:42:58 PM »



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Re: CRUDE PALM OIL
« Reply #654 on: February 07, 2018, 10:14:28 AM »



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Re: CRUDE PALM OIL
« Reply #655 on: February 07, 2018, 09:14:12 PM »
KUALA LUMPUR: The United Kingdom agrees with Malaysiaís position that the European Unionís Renewable Energy Directive II (RED) is unfair and goes against international trade practice.  :thumbsup:

EU is a nut !  :thumbsdown:

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Re: CRUDE PALM OIL
« Reply #656 on: February 08, 2018, 02:18:40 PM »



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Re: CRUDE PALM OIL
« Reply #657 on: February 12, 2018, 11:15:17 AM »



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Re: CRUDE PALM OIL
« Reply #658 on: February 13, 2018, 08:44:55 AM »



Commodities
Malaysia CPO futures higher after MPOB report
Bernama
/
Bernama

February 13, 2018 06:59 am +08
 
-A+A
KUALA LUMPUR (Feb 13): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday on the back of lower production and inventories, as well as better exports, said a dealer.

Statistics from the Malaysian Palm Oil Board (MPOB) released yesterday showed that Malaysia's palm oil exports in January 2018 rose 6.01 per cent to 1.51 million tonnes from 1.43 million tonnes in December 2017.

Phillip Futures Sdn Bhd Derivative Dealer David Ng said the traders reckoned the positive momentum might continue moving into February.

The momentum will continue as declining production supports CPO prices in the near term, he told Bernama.

In addition, cargo surveyor Intertek Testing Services reported that Malaysia's palm oil products exports in the Feb 1-10 period increased 14.7 per cent to 412,207 tonnes, up from 359,346 tonnes shipped during the same period in January.

The support level was located at RM2,450 with immediate resistance at RM2,580 a tonne.

At the close, February 2018 increased RM55 to RM2,550 per tonne, March 2018 gained RM31 to RM2,550 per tonne, April 2018 appreciated RM29 to RM2,543 per tonne, and May 2018 improved RM28 to RM2,542 per tonne.

Turnover, however, decreased to 38,579 lots from 48,195 lots last Friday, with open interest slipped to 277,684 contracts from 286,520 contracts previously.

On the physical market, February South was RM35 better at RM2,550 per tonne.

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Re: CRUDE PALM OIL
« Reply #659 on: February 13, 2018, 11:17:41 PM »
MADRID: Spain declared it does not support the European Union (EU) Parliament's resolution as it realised the banning of palm oil would backfire on the countryís biodiesel industry, a Malaysian Cabinet minister said.  :clap: :thumbsup:

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Re: CRUDE PALM OIL
« Reply #660 on: February 14, 2018, 08:57:55 AM »



Malaysian palm oil price snaps winning streak to fall over 1%
PALM OIL
Wednesday, 14 Feb 2018

6:40 AM MYT
KUALA LUMPUR: Malaysian palm oil futures on Tuesday snapped four days of gains, as the market corrected lower after a rally ahead of the Lunar New Year holidays, traders said.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,515 ringgit ($638.81) a tonne at the end of the trading day, its sharpest daily fall since Jan. 25.

The contract hit a one-month peak of 2,555 ringgit in the previous session after the industry regulator, the Malaysian Palm Oil Board, released bullish export data.

Malaysian exports in January unexpectedly surged past output levels, rising 6 percent from the previous month to 1.5 million tonnes, the data showed. This reduced stockpiles by nearly 7 percent month-on-month to 2.5 million tonnes.

Trading volumes stood at 31,415 lots of 25 tonnes each at the close of trade.

Malaysian markets will be closed on Thursday and Friday for the Lunar New Year holiday, and resume trading on Feb. 19.

"The market is seeing a correction after yesterday's rally," said a Kuala Lumpur-based futures trader, adding traders were locking in profit ahead of the holiday.

Slow buying had pulled down the market despite export data showing a rise in demand, another trader said.

"The export figures were a surprise as we've been seeing slow activity. Demand doesn't seem to be good," he said.

In related edible oils, the March soybean oil contract on the Chicago Board of Trade rose 0.1 percent, while May soybean oil on the Dalian Commodity Exchange climbed 0.3 percent.

The Dalian May palm oil contract was up 0.3 percent.

Palm oil prices are impacted by rival edible oils as they compete in the global vegetable oils market. - Reuters


Read more at https://www.thestar.com.my/business/business-news/2018/02/14/palm-snaps-winning-streak-to-fall-over-1-pct-on-market-correction/#AXP7AWrmdyS7IxTQ.99

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Re: CRUDE PALM OIL
« Reply #660 on: February 14, 2018, 08:57:55 AM »