Palm closes at lowest level in 7 months due to higher production and stock levels
Malaysian palm futures continued to fall for the third session in a row on Wednesday, as market sentiment was still weighed down by concerns about higher production levels and increased inventories. The benchmark contract for palm oil delivery in July on Bursa Derivatives Exchange fell by 33 ringgit or 0.84% to 3,910 Ringgit ($906.77) per metric ton, the lowest price it has closed at since September 20 of last year. David Ng is a proprietary trader with Kuala Lumpur's Iceberg X Sdn Bhd. He said that the weakness in the market was primarily due to production concerns and an expectation of higher stocks levels in the coming week.
Palm oil prices fall on a stronger ringgit and weaker competitors
The price of palm oil in Malaysia fell for the second session in a row on Tuesday as the stronger ringgit weighed down on sentiment, along with weaker vegetable oils. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for July delivery fell 25 ringgit (0.63%) to 3,940 Ringgit ($910.98) per metric ton. A Kuala Lumpur based trader reported that palm has continued to fall as a stronger ringgit encouraged heavy selling activity in the market. Palm's trade currency, the ringgit, has strengthened by 0.8% against the US dollar, increasing the price of the commodity for buyers who hold foreign currencies.
Palm extends its losses as a firmer Ringgit weighs
The price of palm oil futures in Malaysia fell for the second session running on Tuesday, due to a stronger Ringgit. At midday, the benchmark palm oil contract on Bursa Derivatives exchange for July delivery fell 22 ringgit (0.55%) to 3,943 Ringgit ($911.47) per metric ton. A Kuala Lumpur based trader reported that palm has continued to fall as a stronger ringgit encouraged heavy selling activity in the market. Dalian's palm oil contract, which is the most active contract, fell by 1.55%. Chicago Board of Trade soyoil prices were down by 1.25%. 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 gains on stronger edible oils and logs weekly gain
Malaysian palm futures rose Friday, ending a three-week loss streak as higher rival edible oils lifted sentiment. The benchmark contract for palm oil delivery in July on the Bursa Derivatives Exchange rose 22 ringgit or 0.55% to 4,058 Ringgit ($928.60). The contract increased by 2.09% in the last week. A Kuala Lumpur based trader reported that the price of crude palm oil futures was boosted by overnight gains in rival oilseeds. This included Chicago soyoil. The rise followed optimism regarding export demand for United States soyoil. Dalian's palm oil contract, which is the most active contract, increased by 2% while soyoil prices rose by 1.28%.
Palm oil prices rise on stronger edible oils and are set to gain weekly
Malaysian palm futures rose on Friday as the market regained confidence after a three-week loss streak. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for July delivery gained 80 ringgit or 1.98% to 4,116 Ringgit ($940.80), a metric tonne. This week, the contract has increased by 3.55%. A Kuala Lumpur based trader reported that the price of crude palm oil futures was boosted by overnight gains in rival oilseeds. This included Chicago soyoil due to optimism regarding export demand for United States soyoil. Dalian's palm oil contract grew by 2.24%, while the most active soyoil contract increased by 1.84%. Chicago Board of Trade soyoil prices rose 1.32%.
Enverus: Weak oil prices and limited shale acres will impact energy M&A by 2025
Enverus, an analytics firm, said that the U.S. Upstream Oil and Gas M&A Market is bracing itself for the most challenging conditions in the past decade, as oil prices plummet and prime acreage disappears, despite the fact that dealmaking surged last quarter, making it the second best start to the year ever, despite the fact that the number of deals jumped to the highest level since 2018. After a string of record-breaking takeovers of oil and gas companies in recent years that culminated with a $192 billion deal in 2023, the expected decline in mergers and purchases follows.
Palm prices rise on bargain-buying; stronger Ringgit and economic uncertainty limit gains
Malaysian palm futures gained on Tuesday, after six sessions of consecutive losses. Supported by bargain-buying, the gains were limited, however, by a stronger Ringgit and economic uncertainty. The benchmark contract for palm oil delivery in July on the Bursa Derivatives Exchange gained 57 ringgit or 1.46% to $3,967 ringgit (US$904.06) per metric ton. Anilkumar bagani, head of commodity research at Mumbai-based Sunvin Group, explained that the rise in crude palm oil futures was due to bargain buyers, as prices were currently discounted compared to soyoil.
VEGOILS - Buy more bargains, but the ringgit is stronger; economic uncertainty limits gains
The price of palm oil in Malaysia rose on Tuesday. This was due to bargain-buying, but the stronger ringgit, as well as economic uncertainty, limited gains. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for July delivery rose 8 ringgit (0.2%), to $3,918 ringgit (US$895.5) per metric ton. Anilkumar bagani, head of commodity research at Mumbai-based Sunvin Group, explained that the rise in crude palm oil futures was due to bargain buyers, as prices were currently discounted compared to soyoil. He said that the recovery in energy and soyoil prices, along with an improved demand from India, has also helped to boost palm oil prices.
Palm oil falls on firmer Ringgit, weaker soyoil and crude oil
Malaysian palm futures continued to fall on Monday, for the sixth consecutive session. The market was weighed down by a weaker ringgit, a decline in crude oil, and the weakness of soyoil. Concerns about U.S. trade tariffs also contributed to the drop. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for July delivery fell 64 ringgit or 1.61% to $3,911 ringgit (US$895.58) per metric ton. The price of crude palm oil futures fell on the back of lower soybean oil and crude oils, reflecting the global negative sentiment resulting from U.S. tariff policies. David Ng is a proprietary trader with Kuala Lumpur based trading firm Iceberg X Sdn. Bhd.
Palm oil falls due to weaker soyoil and a firmer Ringgit
Malaysian palm futures declined on Monday for a sixth consecutive session as a result of a weaker ringgit, a decline in crude oil, and the weakness of soyoil. Concerns about U.S. trade tariffs also contributed to the drop. At midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for July delivery fell 46 ringgit or 1.16% to 3,929 Ringgit ($895.80), a metric tonne. The price of crude palm oil futures fell on the back of lower soybean oil and crude oils, reflecting the global negative sentiment resulting from U.S. tariff policies. David Ng is a proprietary trader with Kuala Lumpur based trading firm Iceberg X Sdn. Bhd.
Palm trades lower than Chicago soyoil amid concerns about economic headwind
Malaysian palm futures continued to fall on Monday as they tracked the weakness of rival soyoil on the Chicago market. Meanwhile, escalating U.S. China trade tensions despite a suspension of tariffs for other countries also weighed down sentiment. By midday, the benchmark June palm-oil contract traded on the Bursa Derivatives Exchange in Malaysia had fallen 45 ringgit or 1.07% to 4,167 Ringgit ($943.19) per metric ton. "Following a 90-day suspension of tariffs by the U.S. concerns about broader economic headwinds, and lingering uncertainty have continued to cap the upside of any meaningful amount…
Palm trades lower and is set to suffer a second weekly loss
The Malaysian palm futures contract reversed its morning gains as it sought new directions. It is now heading towards a second weekly loss. By midday, the benchmark June palm-oil contract traded on the Bursa Derivatives Exchange in Malaysia had fallen 27 ringgit or 0.64% to 4,173 Ringgit ($941.14) per metric ton. This week, the contract has fallen by 3.58%. A Kuala Lumpur trader stated that the futures are consolidating after recent falls before plotting a different direction based upon this month's data on exports and production. Data from the industry regulator on Thursday showed that Malaysian palm oil stocks rose for the first time in six months as production recovered…
US EIA warns that tariffs and trade uncertainties will lower oil demand
The U.S. Energy Information Administration's (EIA's) monthly short-term Energy Outlook report on Thursday said that recent developments in global trade policies are expected to reduce global oil and fuel consumption growth through 2026. As a result of the uncertainty created by a possible lower global growth rate and higher oil supplies, the U.S. Department of Energy’s statistical arm has cut its forecasts of U.S. oil demand and global oil consumption growth for this year and next. Since U.S. president Donald Trump announced last week a blanket 10% duty on all U.S.
Palmetto prices end higher in Dalian and rising inventories
Malaysian palm oils futures rose on Thursday, wiping out the losses of the previous session. They were supported by strong rival oils in Dalian, and data from Malaysian Palm Oil Board, which showed an increase in March inventories. The benchmark June palmoil contract traded on the Bursa Derivatives Exchange in Malaysia gained 53 ringgit or 1.28% to 4,201 Ringgit ($940.66) per metric ton. A Kuala Lumpur trader stated earlier that "the futures react to the rival oil's rise", adding that the export data from MPOB will give clues on the way forward. Dalian's palm oil contract, which is the most active contract, gained 1.37% while soyoil prices increased by 0.84%.
Malaysian palm oil surpasses rival edible oils
Malaysian palm futures rose on Thursday, erasing the losses of last session, and tracking stronger competing edible oils. Data from the Malaysian Palm Oil Board showed an increase in inventories for March. By midday, the benchmark June palm-oil contract traded on the Bursa Derivatives Exchange in Malaysia gained 65 ringgit or 1.57% to 4,213 Ringgit ($941.87) per metric ton. A Kuala Lumpur trader stated that "the futures react to the rival oil's rise", adding that export data would provide clues as to the direction of the market. The MPOB reported that Malaysian palm oil stocks rose by 3.52% from the previous month, to 1,56 million metric tonnes at the end March.
Palm oil ends lower than rival oils as tariff wars cause anxiety
Malaysian palm futures ended lower on Wednesday. They erased last session's gains. This was due to the decline of rival edible oils traded in Dalian and Chicago, and the growing economic anxiety over tariff wars. The benchmark June palm-oil contract at Bursa Malaysia's Derivatives exchange fell 42 ringgit or 1% to 4,146 Ringgit ($922.56) per metric ton. "Price movement is currently driven by the market sentiment and broader concerns, especially around the ongoing tariff battles," said Darren Lim. Commodities strategist at Singapore-based Phillip Nova. As the markets struggle with uncertainty, the palm oil sector has been caught up in the downward trend.
Palm oil trades lower than rival oils amid fears of tariff wars
Malaysian palm futures continued to lose on Wednesday. They erased last session's gains. This was due to the competition from edible oils traded in Dalian and Chicago, and the growing economic anxiety over tariff wars. By midday, the benchmark June palm-oil contract traded on Bursa Malaysia's Derivatives exchange fell 100 ringgit or 2.39% to 4,088 Ringgit ($909.66). "Price movement is currently driven by the market sentiment and broader concerns, especially around the ongoing tariff battles," said Darren Lim. Commodities strategist at Singapore-based Phillip Nova. As the markets struggle with uncertainty, the palm oil sector has been caught up in a downward trend.
Palm oil is gaining to follow Chicago soyoils and crude oil higher
Malaysian palm oils futures climbed slightly higher on Tuesday after three sessions of losses. They mirrored the movement in crude oil, Chicago soyoil and other commodities, but concerns over high Malaysian stocks of palm oil capped gains. At closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives Exchange for June delivery gained 2 ringgit (0.05%) to 4,187 Ringgit ($932.72) per metric ton. Early in the session the contract climbed as high as 2.27%, but palm oil "struggled" to remain upbeat due to weak fundamentals, a Kuala Lumpur based trader noted, citing the expectation of higher stock levels in March.
US EIA delays short-term outlook report amid oil market downturn
Energy Information Administration (EIA) in the United States announced on Monday that it will delay publication of its "Short-Term Energy Outlook Report" (STEO), amid a drop in oil prices nearing four-year lows due to growing fears of a worldwide recession. EIA announced in an email that the report scheduled for publication on Tuesday, April 8 will now be released on Thursday, 10 April at 12:00 noon EDT (1600 GMT). The EIA has re-run the models for STEO forecasts in order to reflect recent market developments. The STEO monthly report provides the EIA’s predictions for U.S.
Palm oil is gaining to follow Chicago soyoils and crude oil higher
The price of Malaysian palm oils futures rose on Tuesday. This ended a three-session losing streak, boosted by the strength of crude oil, Chicago soyoil and a weaker Ringgit. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange rose by 1.15%, to 4,233 Ringgit ($944.87) per metric ton. Fears of an expanding global trade war led to a partial recovery of the 7.5% loss that the contract had suffered over the previous three sessions. Palm oil prices mirror the recovery in the energy markets and U.S. Soyoil Prices - Oil prices increased more than 1% and soyoil on the Chicago Board of Trade gained 0.90%.
