Palm up in anticipation of lower production and improved exports
The market for Malaysian palm oils futures closed higher on Tuesday as the anticipation of a sharp decline in production, and a stronger export demand, supported the market. The benchmark palm-oil contract for April delivery on the 'Bursa Malaysia Derivatives exchange gained 28 ringgit or 0.69% to 4,095 Ringgit ($1,010.61) per metric ton. Paramalingam Supramaniam of the brokerage Pelindung Bestari in Selangor said that traders expect a drop in output between 15% and 17% by January, but exports are up, signaling a strong demand. He said that if these two variables continued until March, the end stock could be significantly reduced.
Palm prices rise on the back of reduced production and improved exports
The price of palm oil futures in Malaysia rose on Tuesday, as traders anticipated a sharp drop in production and stronger demand for exports. By midday, the benchmark palm oil contract for April delivery at the Bursa Malaysia Derivatives Exchange had gained 37 ringgit (0.91%) to 4,104 Ringgit ($1,013.33) per metric ton. Exports are up significantly and traders expect a drop in output of between 15% and 17%, which is a strong demand signal, said Paramalingam Supramaniam at Selangor brokerage Pelindung Bestari. He said that if these two variables continue up until March, the end stock could drop significantly.
VEGOILS - Palm flat due to China canola tariff reduction, Indonesia B50 cancellation weighing
Malaysian palm futures were not much changed on Monday as China's plans for a reduction in import?tariffs of Canadian canola, and Indonesia's decision to cancel its B50 'biodiesel' mandate, weighed on market. However, upcoming festival demand lent some support. At the close, the benchmark April palm oil contract on Bursa Malaysia's Derivatives exchange fell 3 ringgit or 0.07% to 4,069 Ringgit ($1,004.20), a metric tonne. The contract increased by 2.31% on Saturday. Anilkumar bagani, the head of commodity analysis at Sunvin Group in Mumbai, explained that the market fell due to China reducing its tariffs on Canadian Canola from 84% to 15%.
Palm slips as China tariffs are cut and Indonesia B50 is cancelled
Malaysian palm futures fell on Monday as China cut import tariffs on Canadian Canola, and Indonesia canceled plans for its B50 Biodiesel mandate, but the festival demand provided some support. By midday, the benchmark contract for April palm oil on Bursa Derivatives Exchange fell 15 ringgit or 0.37% to 4,057 Ringgit ($1,000.99). The contract increased by 2.31% on the Friday. Anilkumar Bagani of Sunvin Group in Mumbai, the head of commodity research, explained that the market fell due to China's reduction of its import tariffs for Canadian Canola to a combined rate 15%, down from 84%.
Palm logs second week of gains on US plans for finalising biofuel quotas
Malaysian palm futures ended Friday more than 2% higher and recorded a second week of gains, boosted by the strength in soybean oil following U.S. plans for finalising biofuel quotas. The benchmark palm oil contract for April delivery at Bursa Derivatives Exchange climbed 81 ringgit or 2.03% to 4,071 Ringgit ($1,003.95) per metric ton. This week, the contract increased by 0.87%. Markets traded higher due to soybean oil gains amidst news that the Trump Administration would release biofuel quotas for 2026 by March of this?year. This could lead to more demand for biofuels made from soybean oil…
Palm prices surge over 2% following US plans to finalise the biofuel quotas
Malaysian palm futures rose more than 2%?Friday and are on course for a second?weekly?gain. This is due to the strength of soybean oil following U.S. plans to finalise biofuels quotas. By midday, the benchmark April palm oil contract on the Bursa Derivatives exchange had risen 81 ringgit or 2.03% to 4,071 Ringgit ($1,003.95) per metric ton. The contract has risen 0.45% this week. quotas this March, which would?generate a greater demand for biofuels made from soybean oil, said David Ng. He is a proprietary trader with Kuala Lumpur based trading?firm Iceberg X Sdn Bhd. According to sources familiar with these plans, the U.S.
VEGOILS - Palm drops more than 1% after Indonesia abandons B50 plans and rival oils weaken
Malaysian palm futures dropped more than 1% on Thursday, for the?third consecutive session. This was due to weaker edible oils from rivals, lower crude oil prices and Indonesia's decision to cancel its "B50" biodiesel plan. At the close, the benchmark contract for palm oil delivery in March on the Bursa Derivatives exchange fell 60 ringgit or 1.49% to 3,980 Ringgit ($982.23) per metric ton. Anilkumar Bagani, the head of commodity analysis at Sunvin Group in Mumbai, said that during Asian hours, crude palm oil futures were impacted by sharply lower Chinese?soyoil and Chicago vegetable oil futures, as well as a decline in crude oil.
Palm oil falls as Indonesia abandons B50 plans and rival oils weaken
Malaysian palm futures fell for the third consecutive session on Thursday, due to weaker edible oil and crude oil prices. By midday, the benchmark contract for palm oil delivery in March on the Bursa Derivatives exchange fell 23 ringgit or 0.57% to 4,017 Ringgit ($992.34) per metric ton. Anilkumar bagani, the head of commodity research at Sunvin Group in Mumbai, said that during Asian hours, crude palm oil futures were followed by sharply lower Chinese soyoil and Chicago vegetable oil futures, along with a decline in crude oil. Bagani stated that Indonesia's decision not to pursue its B50 biodiesel plan has also resulted in a reduction of the palm oil premium.
VEGOILS-Palm extends losses as Indonesia scraps B50 biodiesel plan
Malaysian palm futures reversed gains earlier to close lower?on Wednesday for the second consecutive session, after Indonesia canceled plans to implement its B50 biodiesel program this year. However, signs of improved export?demand from India and China limited a decline. The benchmark contract for palm oil delivery in March on the Bursa Derivatives exchange fell 21 ringgit or 0.52% to 4,043 Ringgit ($996.55) per metric ton. Paramalingam Supramaniam is the director of Selangor brokerage Pelindung Bestari. Supramaniam said that January exports are gaining momentum…
Palm climbs on stronger oil rivals, signs of export recovery
Malaysian palm oils futures rose by more than 1% Wednesday after falling the previous session. This was due to stronger competitor oils and improved export demand from India and China. At midday, the benchmark palm oil contract for?March delivery at the Bursa Derivatives exchange gained 43 ringgit or 1.06% to 4,107 Ringgit ($1,013.32) per metric ton. Paramalingam Supramaniam is the director of Selangor brokerage Pelindung Bestari. Supramaniam said that January exports are picking up steam with positive figures for the first 10 of the month and expectations for the first 15 days to be positive.
Palm slips due to uncertainty about Indonesia's B50 mandate
The price of Malaysian palm oils reversed its gains on Tuesday to close lower, despite the fact that stronger competitor?oils, and positive cargo surveyor data, capped the?decline. At the close, the benchmark March palm oil contract on Bursa Derivatives Exchange fell 27 ringgit or 0.66% to 4,063 Ringgit ($1,001.97). The contract rose 1.34% during the previous session. A Kuala Lumpur trader said that crude palm oil prices are rising, backed by gains in competing oilseeds as well as solid January 1-10 export data. Exports of 'Malaysian Palm Oil Products for January 1-10 increased between 17.7% to 29.2% compared to a month ago, according cargo surveyors.
Palm oil prices rise on the strength of rival oils and positive export data
The price of Malaysian palm oils futures increased for the second session in a row on Tuesday, supported by higher rival oils and positive cargo export data. By midday, the benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange for March delivery had gained 41 ringgit or 1% to 4,131 Ringgit ($1,018.99). A Kuala Lumpur based trader said that the price of crude palm oil is rising, supported by gains made in other oilseeds. The trader stated that the contract was trading at well over 4,100 ringgit based on technical support data and export data from January 1-10.
Palmettos end higher due to strong export demand and anticipation of lower output
The price of palm oil in Malaysia rose on Monday due to a stronger export demand and an expectation that production will be lower over the next few weeks. At the close, the benchmark March palm oil contract on?the Bursa Derivatives exchange gained 55 ringgit (1.36%) to $4,091 ringgit (1,007.64 USD) per metric ton. The contract dropped 0.17% during the previous session. David Ng, a trader at Kuala Lumpur's Iceberg X Sdn. Bhd., a trading firm, stated that the market closed higher due to the expectation of a weaker growth in output in the weeks ahead despite MPOB reporting increased stock levels. Malaysian palm oil inventories soared in December to a near seven year high.
Palm prices are little changed, traders say
Malaysian palm futures were mostly flat on Monday, as traders assessed the demand and supply data from the palm oil board. By midday, the benchmark palm 'oil contract on the Bursa Malaysia Derivatives Exchange for March delivery had gained 3 ringgit (0.07%) to 4,039 Ringgit ($993.85) per metric ton. The contract dropped 0.17% during the previous session. David Ng is a proprietary trader with Kuala Lumpur based trading firm Iceberg X Sdn Bhd. He said that the market (slightly higher) during Asian hours was due to traders reviewing data from the Malaysian 'Palm Oil Board.
Palm oil to end with a nearly 9% decline by 2025
Malaysian palm futures ended lower on Wednesday, as participants in the market booked profits before?the New Year holidays. The volatile year was rounded off with a 9% loss due to geopolitical uncertainty and tariff concerns. The benchmark March palm oil contract on the Bursa Derivatives exchange lost 20 ringgit or 0.49% to 4,050 Ringgit ($998.27). Anilkumar Bagani, research ?head at Mumbai's Sunvin Group. The futures market gained almost 20% last year. The Farm Trade, a Kuala Lumpur based consultancy and trading firm, said that the palm market was volatile this year.
Palm oil futures are falling, and will likely lose money annually in 2025
Malaysian palm futures dropped on Wednesday, and are headed to a loss by 2025 - a volatile year plagued by geopolitical uncertainty and tariffs. The traders are 'optimistic' that the festive season and the decline in production in 'Indonesia' will support prices. The benchmark March palm oil contract on the Bursa Derivatives exchange lost 19 ringgit or 0.47% to 4,051 Ringgit ($998.52) per metric ton at the midday break. Futures prices have fallen by 8.93% so far in 2025. It had gained almost 20% last year. The Farm Trade, a Kuala Lumpur based consultancy and trading firm, said that the palm market was volatile this year.
Palm snaps four-session rally due to high stock prices
Malaysian palm futures ended a four session rally on Monday. They were weighed down by increased inventories but kept in check by expectations of declining?production and firmer demand. By the close, the benchmark palm oil contract on Bursa Derivatives Exchange for March delivery had fallen 40 ringgit or 0.98% to 4,049 Ringgit ($997.78). David Ng is a proprietary trader with Kuala Lumpur's trading firm Iceberg X Sdn. Bhd. He said that the market was under pressure due to a negative sentiment about?high stock level. Ng stated that prices will be supported in the short term by the expectation of slower production and stronger demand in the coming week.
Palm oil prices slip on concerns about high stocks
Malaysian palm futures are expected to end a four-session rally Monday as increased inventory levels weigh on the market. However, declining production and stronger demand will keep prices high. At midday, the benchmark March palm oil contract on the Bursa Derivatives exchange fell 17 ringgit (0.42%) to 4,072 Ringgit ($1,004.94) per metric ton. David Ng, a proprietary?trader at Kuala Lumpur's Iceberg X Sdn. Bhd., stated that the levels of trading in Malaysia are increasing. Ng stated that the expectation of a slower production?pace in the next few weeks and a stronger demand will support the prices in the short term.
Palm climbs on Dalian's strength; set to gain weekly
Malaysian palm oils futures were up on Friday, and they were poised to make their first weekly gains in three weeks,?boosted by Dalian oil, which was stronger, although a stronger ringgit limited the gains. By midday, the benchmark March palm oil contract on Bursa Derivatives Exchange had gained 31 ringgit or 0.77% to 4,068 Ringgit ($1,007.93). This week, the contract has increased by?3.38%. A Kuala Lumpur based trader reported that the market had a strong rally. It was a result of the strength in Dalian oil, even though ringgit rose 0.17%, to 4.0360. Dalian's soyoil contract with the highest volume rose by 0.77%. Palm oil gained 0.37%.
Palm gains muted by firmer Ringgit, despite crude gains
Malaysian palm futures were flat on Wednesday, as the 'ringgit strengthened and weighed down on the market. However, the pressure from the stronger currency was offset by the higher crude oil price. At the close, the benchmark contract for?palm?oil delivery in March on the Bursa Derivatives exchange fell 1 ringgit or 0.02% to 4,035 Ringgit ($998.02) per metric ton. The contract has risen 3.35% over the last two sessions. A Kuala Lumpur based?trader said that the palm?oil was slightly lower due to a stronger Ringgit. The trader reported that the ringgit firmed up to around 4.0550 at midday, its highest level since March 5, 2020.