Palm oil reaches almost a three-week high due to strong soyoil
Supported by higher soyoil, Malaysian palm oil prices rose for the fifth straight session to close at their highest level in nearly three weeks. The benchmark contract for palm oil delivery in January on the Bursa Derivatives Exchange rose 17 ringgit (0.4%) to 4,226 Ringgit ($1,018.80). Paramalingam Supramaniam said that the contract increased in line with the soybean oil price, but worries about the November demand, and the strength of ringgit, capped gains. Supramaniam stated that the upper limit will be maintained until more information is available about the November demand, which from the initial figures does not appear to be good.
Demand concerns and a stronger ringgit counteract a firmer soyoil, which keeps palm steady.
The price of Malaysian palm oils futures was little changed on Tuesday, despite a strengthening soyoil and concerns about demand. At the midday break, the benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange gained 10 ringgit or 0.24% to 4,219 Ringgit ($1,017.61). The contract has rallied over the last four sessions. Paramalingam Supramaniam said that the contract increased in line with the soybean oil price, but worries about the November demand, and the strength of ringgit, capped gains. Supramaniam stated that the upper limit will be maintained until more information is available about the November demand…
Palm oil rises with stronger Chicago soyoil
The price of palm oil in Malaysia rose for the fourth consecutive session on Tuesday. This was due to higher soyoil futures prices in Chicago after China bought American soybeans. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery gained 33 ringgit or 0.79% to 4,184 Ringgit ($1,002.16) per metric ton. David Ng, a proprietary trading at Kuala Lumpur's Iceberg X Sdn. Bhd., explained that the contract tracked gains on the Chicago soyoil markets today. Two traders who were familiar with the transactions said that China purchased at least 14 cargoes (cartons) of U.S. soya beans on Monday.
Palmettos end higher due to Indonesian output risks and a softer ringgit
Malaysian palm futures closed slightly higher for the third session in a row on Monday, thanks to a weaker ringgit as well as bullish predictions from industry analysts. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange gained 6 ringgit or 0.14% to 4,151 Ringgit ($1,000.72). A Kuala Lumpur-based broker said that the contract has seen support after bullish presentations made at the Indonesia Palm Oil Conference held last week. Analysts have warned that palm oil could increase in price over the next few months due to uncertainties arising from land seizure policy and a plan for biodiesel by Indonesia, the top producer.
Palm extends its gains as it faces Indonesian output risks and a softer ringgit
Malaysian palm futures rose for the third consecutive session on Monday, thanks to a weaker ringgit as well as bullish predictions from industry analysts. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery gained 13 ringgit or 0.31% to 4,158 Ringgit ($1,002.89) per metric ton. A Kuala Lumpur based trader stated that the contract has seen support after bullish presentations made at the Indonesia Palm Oil Conference held last week. Analysts have flagged palm oil as a problem. Prices are a little higher than usual.
VEGOILS-Palm ends four-week losing streak amid weak demand, elevated stocks
Malaysian palm-oil futures ended Friday on a high note, ending a four week decline despite concerns about a weak demand for November and higher inventories. At the close, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery remained at 4,125 Ringgit ($976.56) per metric ton. The contract increased by 0.39% in the past week. The market is under pressure due to the combination of a stronger ringgit and lower November demand. Meanwhile, the high-end stock prices are making it difficult to determine a bottom. Malaysian production will surpass 20 million tonnes for the first-time in 2025.
Palmetto set to decline for fifth week on weak November demand and elevated stocks
Malaysian palm futures fell on Friday. The market is now poised to experience a fifth consecutive weekly decline due to the weak demand for palm oil in November. A stronger ringgit, along with the expectation of higher inventories, are all contributing factors. By midday, the benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange had lost 22 ringgit or 0.53% to 4,103 Ringgit ($971.35) per metric ton. The contract has lost 0.15% this week. The market is under pressure due to the combination of a stronger ringgit and lower November demand. Meanwhile, the high-end stock prices are making it difficult to determine a bottom.
Palmetto closes slightly higher, despite increasing production and India demand concerns
Malaysian palm futures ended Thursday on a higher note, despite increasing production expectations and concerns about demand from India, the country's largest buyer. At the close, the benchmark contract for palm oil delivery in January on Bursa Derivatives Exchange rose by 2 ringgits, or 0.05%. It was 4,126 ringgits ($976.80), per metric ton. The contract dropped 0.31% during the previous session. Anilkumar bagani, head of research at Mumbai-based Sunvin Group and vegetable oil broker, said that the palm oil price was further impacted by a sell-off of crude oil and a stronger ringgit.
Palm oil prices fall on expectations of rising supply and a weaker Dalian palm oil
The price of Malaysian palm oil futures fell on Thursday, as the market was impacted by rising production expectations and the weaker Dalian palm oil. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 4 ringgit (0.1%), or $4120 ($975.38) per metric ton. Anilkumar bagani, research director of Mumbai-based Sunvin Group and vegetable oil broker Sunvin Group, said that the market was under pressure during Asian trading hours due to concerns about higher production levels and softer Dalian Palm Olein. He said that there was a danger of Malaysian palm-oil production exceeding 20 million tons in this year.
Palm ends two-day gains with firmer Ringgit
The market for Malaysian palm oils futures ended two sessions of gains in a row on Wednesday as the ringgit strengthened, making the commodity more costly to buyers who hold foreign currencies. At the close, the benchmark contract for palm oil delivery in January on Bursa Derivatives exchange fell 12 ringgit or 0.29% to 4,125 Ringgit ($976.56) per metric ton. The contract has risen 0.61% over the last two sessions. David Ng said that the market was lower due to the stronger ringgit, a proprietary trading at Kuala Lumpur based trading firm Iceberg X Sdn. Bhd. As of 1030 GMT the ringgit (palm's currency) strengthened by 0.07% to reach 4.133.
Palm oil prices drop on firmer Ringgit
After two sessions of gains, Malaysian palm oils futures fell on Wednesday. The ringgit's strength has made the commodity costlier for buyers who hold foreign currencies. At the midday break, the benchmark palm oil contract on Bursa Derivatives exchange for January delivery fell 14 ringgit (0.34%) to 4,123 Ringgit ($976.09) per metric ton. The contract has risen 0.61% over the last two sessions. David Ng said that the market was lower due to the stronger ringgit, a proprietary trading at Kuala Lumpur based trading firm Iceberg X Sdn. Bhd. As of 0500GMT the ringgit, which is palm's trade currency, increased by 0.15% to 4,13 against the U.S.
VEGOILS - Palm extends its gains on stronger Chicago Soyoil
The market for Malaysian palm oils futures continued to rise, despite weather concerns and weak November export figures. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange gained 27 ringgit or 0.66% to 4,139 Ringgit ($979.88). According to Paramalingam Supramaniam of Selangor brokerage Pelindung Bestari, the uptrend in Chicago Soyoil Prices is helping sustain the palm Market. Supramaniam noted that the weaker November preliminary export numbers and the firmer ringgit were causing headwinds. Malaysian Meteorological Department has said that the northeast monsoon will arrive on Thursday, and last until March 2026.
VEGOILS - Palm up on Chicago soyoil's strong performance; weather concerns and weak export data cap gains
The market was supported by a stronger Chicago soyoil and concerns about inclement weather, but a lackluster November export report and the looming threat of bad weather weighed heavily on the market. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery gained 65 ringgit or 1.58% to 4,177 Ringgit ($988.87). According to Paramalingam Supramaniam of Selangor brokerage Pelindung Bestari, the uptrend in Chicago Soyoil Prices is helping sustain the palm Market. Supramaniam noted that the weaker November preliminary export numbers and a strengthening ringgit were causing headwinds.
Palm oil support muted despite modest data from MPOB
Malaysian palm futures were not much changed on Monday as the Malaysian Palm Oil Board (MPOB's) data supported the market. However, gains were limited by weaker November Export figures and a strengthening ringgit. At the close, the benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange gained 2 ringgit or 0.05% to 4,111 Ringgit ($973.25) per metric ton. The contract dropped by 0.96% during the previous session. A Kuala Lumpur based trader stated that the MPOB's data on demand and supply had a slightly bullish tone.
Palm trades are rangebound before MPOB data
Malaysian palm oils futures were trading in a narrow range on Monday, despite the weaker export numbers weighing on markets. Traders are also waiting for supply and demand data from Malaysia Palm Oil Board (MPOB). At the midday break, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery gained 1 ringgit or 0.02% to 4,110 Ringgit ($973.01), a metric tonne. The contract dropped 0.96% during the previous session. A Kuala Lumpur based trader reported that the cargo surveyor Intertek Testing Services' (ITS) report showed a decline.
Palm oil prices fall for the fourth consecutive week due to a combination of rising stocks and softer crude
Malaysian palm futures recorded a fourth successive weekly decline on the Friday amid expectations that stocks will be higher at the end of October and a recent drop in crude oil prices. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange lost 39 ringgit or 0.94% to finish at 4,110 Ringgit ($973.01 a metric tonne). The contract dropped 2.31% in the last week. Sandeep Singh is the director of The Farm Trade in Kuala Lumpur, a consulting and trading company. He said that palm oil was under pressure because of expectations for higher end stocks and lower crude oil.
Palm set to fall for the fourth consecutive week on swelling stock, soft crude
Malaysian palm futures fell for the fourth consecutive week on Friday amid expectations that October end stocks would be higher and a recent drop in crude oil price. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 39 ringgit or 0.94% to 4,110 Ringgit ($973.01), a metric tonne. The contract is down 2.31% for the week. Sandeep Singh is the director of The Farm Trade in Kuala Lumpur, a consulting and trading company. He said that palm oil was under pressure because of expectations for higher end stocks and lower crude oil.
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.