Palm oil ends lower than rival Dalian oils, but higher production also weighs.
Malaysian palm futures fell on Monday due to the weakness of rival edible oils traded on Dalian's exchange. Meanwhile, increased production continues to put pressure on prices. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange lost 92 Ringgit or 2.19% to $4,115 Ringgit ($974.20). The Dalian market was weak, which weighed on futures. A rise in production has also continued to put pressure on prices. We also see a good increase in demand, which will lead to improved exports for November and December," Paramalingam Supramaniam said, Director at Selangor brokerage Pelindung Bestari.
Palm oil is lagging behind rival Dalian oil; increased production also weighs
Malaysian palm futures continued to lose money on Monday due to the weakness of rival edible oils traded on Dalian's exchange. Meanwhile, increased production continues pressure on prices. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 61 ringgit or 1.45% to 4,146 Ringgit ($981.53) per metric ton. The Dalian market was weak, which weighed on futures. A rise in production has also continued to put pressure on prices. We also see a good increase in demand, which will lead to a better export in November and Decembre," said Paramalingam Supramaniam at Selangor brokerage Pelindung Bestari.
Palm oil futures set to suffer second consecutive monthly loss after hitting lowest level in nearly 12 weeks
Malaysian palm futures continued to fall for the fourth session in a row on Wednesday, and were headed towards a second month-long drop. They were weighed down due to weakness in other edible oils, Indonesia’s production forecast, and a strong Ringgit. At closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives Exchange for January delivery fell 65 ringgit or 1.51% to 4,252 Ringgit ($1,006.63) per metric ton, its lowest close since August 7. GAPKI, the Indonesian palm oil association, said that Indonesia's palm-oil production could reach 56 million metric tonnes this year. This is higher than previous projections.
Palm oil drops to a 12-week low due to weak competitors; second monthly decline is expected
Malaysian palm futures fell for the fourth session in a row on Wednesday, and were headed for a second month-long decline, due to a weakening of rival edible oils and Indonesia's production forecast, as well as a strong ringgit. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 72 ringgit or 1.67% to 4,245 Ringgit ($1,004.97) per metric ton. The contract reached its lowest level since August 7 during the session. GAPKI, the Indonesian palm oil association, said that Indonesia's palm-oil production could reach 56 million metric tonnes this year. This is higher than previous projections.
Palm oil falls to near four-week-low on weak Dalian palm oils, strong ringgit
Malaysian palm futures fell for a second day to their lowest close in almost four weeks, due to Dalian palm and a stronger Ringgit. Market participants were waiting for fresh triggers that would confirm the direction. At closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives Exchange fell 50 ringgit or 1.13% to 4,372 Ringgit ($1,035.04) per metric ton. Donald Trump, the U.S. president, said that China and the U.S. , since he will meet the Chinese President Xi Jinping in South Korea later this week. Dalian's palm oil contract, which is the most active contract in Dalian, lost 0.33%. Chicago Board of Trade soyoil prices rose by 0.77%.
Palm oil slams Dalian palm oil that is weak, and the strong ringgit
The price of Malaysian palm oils futures fell to its lowest level in three weeks Monday. Dalian palm oil was a major factor, as well as a stronger ringgit. Market participants were waiting for new triggers that would confirm the direction. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 23 ringgit (0.52%) to 4,399 Ringgit ($1,041.43) per metric ton, the second consecutive decline. Dalian's palm oil contract, which is the most active contract in Dalian, lost 0.31%. Chicago Board of Trade soyoil prices rose by 0.97%.
VEGOILS - Palm ends the week lower and books a second weekly loss
The Malaysian palm futures market continued to lose money and recorded its second loss in a week on Friday. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery fell 51 ringgit or 1.14% to 4,420 Ringgit ($1,046.40). Futures fell by 2.06% in the past week. A Kuala Lumpur based trader stated that "Today's Futures" are still trading between 4,400 and 4,500 Ringgits while they wait for new leads. Dalian's soyoil contract with the highest volume of trading fell 0.15% while palm oil contracts gained 0.09%. Chicago Board of Trade soyoil prices were down by 0.35%.
Palm trades lower and is set to suffer a second weekly loss
Malaysian palm futures fell on Friday and are on course to record its second consecutive weekly loss. The market is range-bound, as it searches for direction. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 29 ringgit (0.65%) to 4,442 Ringgit ($1,051.61) per metric ton. Futures have lost 1.57 percent so far this week. A Kuala Lumpur based trader stated that "Today's Futures" are still trading between 4,400 and 4,500 Ringgits while they wait for new leads. Dalian's palm oil contract, which is the most active contract, gained 0.37% while soyoil gained 0.17%. Chicago Board of Trade soyoil prices were down 0.45%.
Palm oil prices fall due to weather and uncertainty in demand
Malaysian palm futures continued to fall for a fourth session in a row on Thursday, after an uncertain demand created pressure to sell. This was topped off by unpredictable weather conditions which are making production more volatile. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 14 ringgit or 0.31% to 4,442 Ringgit ($1,051.61) per metric ton. The uncertainty of demand has exacerbated the pressure on sellers today. The volatility will continue to be high, as we move into unpredictabile conditions in weather and production for the first quarter 2026," Paramalingam Supramaniam said.
US upstream oil and natural gas dealmaking falls for the third consecutive quarter amid low prices
Enverus, an analytics firm, said that the persistently low oil price kept buyers away from the sector during the third quarter. According to Enverus's latest report, merger and acquisition activity is down for the third consecutive quarter. This marks a dramatic departure from the blockbuster deals of recent years, such as Exxon Mobil's $60 billion deal with Pioneer Natural Resources, which will close in 2023, and Chevron’s $53 billion purchase by rival Hess this year. Enverus reports that the total value of deals in 2023 was a record-breaking $192 billion. This figure dropped to just $105 billion by 2024. U.S.
Palm oil prices fall on Dalian weakness
Malaysian palm oils futures ended lower on Wednesday for the third consecutive session, following the weakness of rival Dalian edible oil. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange lost 51 ringgit or 1.13% to 4,454 Ringgit ($1,054.45) per metric ton. A Kuala Lumpur based trader stated that "today, futures track Dalian weakness and are waiting for new leads" to move the markets. Dalian's palm oil contract, which is the most active contract, lost 1.69% while soyoil contracts in Dalian fell 0.99%. Chicago Board of Trade soyoil prices were up 0.3%.
Palm extends its fall on Dalian's weakness
Malaysian palm futures declined for the third session in a row on Wednesday. This was due to weakness in Dalian edible oil, a rival. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 25 ringgit or 0.55% to 4,480 Ringgit ($1,060.61) per metric ton. Dalian's palm oil contract, which is the most active contract, lost 0.86%. Chicago Board of Trade soyoil prices were up by 0.22%. As palm oil competes to gain a share in the global vegetable oil market, it tracks the price changes of competing edible oils.
Palm ends the year lower after Dalian's fall
The price of palm oil in Malaysia fell Tuesday, reversing previous gains. This was due to the market following the softening prices of other vegetable oils at the Dalian Market. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange lost 5 ringgit or 0.11% to 4,508 Ringgit ($1,067.23) per metric ton. Dalian's palm oil contract, which is the most active contract, fell by 0.81% while soyoil prices dropped by 0.22%. Chicago Board of Trade soyoil prices were up by 0.12%. As palm oil competes to gain a share in the global vegetable oils industry, it tracks the price changes of competing edible oils.
Palm oil ends the week lower due to weak crude oil.
Malaysian palm futures closed lower on Friday after a two-week rally. Weaker crude oil prices pushed the market. At the close, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery fell 6 ringgit or 0.13% to 4,514 Ringgit ($1,068.66). The contract dropped 0.68% in the past week. David Ng said that the market fell as low crude oil prices weighed on market sentiment. He is a proprietary trader with Kuala Lumpur based trading firm Iceberg X Sdn. Bhd. Palm oil is less appealing as a biodiesel feedstock due to the weaker crude oil futures. The oil prices fell, headed for a loss of about 3% per week after the IEA predicted a growing surplus and U.S.
Palm oil follows weak crude oil down, and is set to fall weekly
Malaysian palm futures fell on Friday as crude oil prices dropped, causing the market to fall. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 8 ringgit or 0.18% to 4,512 Ringgit ($1,068.43). David Ng said that the market fell as low crude oil prices weighed on the market sentiment. He is a proprietary trader with Kuala Lumpur based trading firm Iceberg X Sdn. Bhd. Palm oil is less appealing as a biodiesel feedstock due to the weaker crude oil futures. Oil prices fell in early trading, heading towards a weekly loss. There is uncertainty about global energy supply after U.S.
VEGOILS-Palm ends higher despite weak India demand, soyoil competition
Malaysian palm futures closed higher on Thursday, reversing previous losses despite a weaker demand from India and increasing pressure from cheaper soyoil. At the close, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery was up 6 Ringgit or 0.13% at 4,518 Ringgit ($1,069.35). According to Paramalingam Supramaniam of brokerage Pelindung Bestari, the market fell after news that India's imports of palm oil had fallen to a four month low. Meanwhile, cheaper soybeans, and soybean oil, squeezed demand for Palm Oil. The Solvent Extractors' Association of India reported that India's palm oils imports dropped in September to their lowest level since May…
Palm oil prices fall due to weak Indian demand and competition from soyoil
Malaysian palm futures fell on Thursday due to a weakening of demand from India, and the growing pressure from soyoil. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery was down 13 Ringgit or 0.29% at 4,499 Ringgit ($1,064.85) per metric ton. According to Paramalingam Supramaniam of brokerage Pelindung Bestari, the market fell after news that India's imports of palm oil had fallen to a four month low. Meanwhile, cheaper soybeans, and soybean oil, squeezed demand for Palm Oil. The Solvent Extractors' Association of India reported that India's palm oils imports dropped in September to their lowest level since May…
Palm exports rise on the back of a strong three-session decline
The Malaysian palm futures market reversed the losses it had suffered for three sessions in a row on Wednesday as export data helped to offset concerns about high inventories and rising U.S. China trade tensions. The benchmark contract for palm oil delivery in January on the Bursa Derivatives Exchange climbed 13 ringgit or 0.29% to 4,474 Ringgit ($1,057.93), a metric tonne, at the close. Paramalingam Supramaniam is the director of Selangor brokerage Pelindung Bestari. He said that buyers are waiting for price drops before buying. The market is vulnerable to selling pressure, Supramaniam said. "With end stock still high and the China/U.S.
Palm prices slip on uncertainty about demand and high stocks
Malaysian palm futures declined for a forth consecutive session on Wednesday, due to concerns about subdued consumer demand and large inventories. Meanwhile, mounting U.S. - China trade tensions dampened sentiment. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 8 ringgit or 0.18% to 4,488 Ringgit ($1,062.75) per metric ton. Paramalingam Supramaniam is the director of Selangor brokerage Pelindung Bestari. He said that buyers are waiting for prices to drop before buying. The market is vulnerable to selling pressure, Supramaniam said. In September, Malaysian palm oil inventories rose to near two-year levels.
VEGOILS - Palm extends losses to third session due to profit-taking
The Malaysian palm futures market closed lower on Tuesday for the third session in a row, due to profit-taking, a weakening of sentiment, and traders waiting for export data. The benchmark palm-oil contract for December delivery at Bursa Derivatives Exchange fell 39 ringgit or 0.87% to 4,460 Ringgit ($1,054.87) per metric ton. A Kuala Lumpur based trader stated that the market was lower due to profit-taking, and a weakening sentiment. The trader added that traders are also waiting for the October 1-15 export numbers to be released in order to get a better idea of the market's direction. On Wednesday, cargo surveyors will release their estimates of exports.