Palm set to decline monthly due to sluggish ringgit and exports.
Malaysian palm futures rebounded on Friday, tracking gains in Chicago soybean oil, but were set to suffer their largest monthly drop in 10 years due to sluggish shipments and a stronger ringgit. After a 1% decline on Thursday, the benchmark palm…
Palm tracks Dalian, Chicago competitors lower; firm currency weight
Malaysian palm?oil?futures dropped on Thursday. They were weighed down by a weakening oil market in Dalian, Chicago and sluggish exports. The benchmark palm-oil contract for May delivery at the Bursa Derivatives Exchange fell 48 ringgit or 1.18% to 4,005 Ringgit ($1,031.68) per metric ton?at closing.
VEGOILS - Palm oil tracks Dalian palm and Chicago soy oils are lower; weak exports weight
Malaysian palm oil futures dropped on Thursday. They were weighed down by weak Dalian palm oil, Chicago soy oil prices, and sluggish exports. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange had fallen 27 ringgit or 0.67% to 4,026 Ringgit ($1,036.29) per metric tonne.
Palm tracks rival Chicago Soyoil Dalian's olein lower
Malaysian palm futures fell on Wednesday, marking the fourth?straight session of declines, following weakness in Chicago soyoil and Dalian's palm oil. The benchmark palm oil contract for May delivery at Bursa Derivatives Exchange dropped 1 ringgit or 0.02% to 4,052 Ringgit ($1,042.45) per metric ton.
Palm oil prices fall for the third consecutive session due to weak demand and a strong ringgit
The price of Malaysian palm oils futures fell for the third session in a row on Tuesday. This was due to a weakening export market and a strong Malaysian ringgit. By midday, the benchmark palm oil contract for May delivery at the Bursa Derivatives Exchange had fallen 29 ringgit or 0.71% to 4…
Palm falls overnight on weakness in Chicago soyoil; ringgit firmer
Malaysian palm futures continued to decline on Monday. They were weighed down by weaker crude oil, overnight weakness in Chicago soyoil and a stronger ringgit. The benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for May delivery lost 8 ringgit or 0.2% to close at 4…
Palmetto slips but still posts weekly gains to end two-week decline
Malaysian palm futures ended lower on Friday due to weaker soyoil and concerns about overproduction. However, the contract posted a weekly gain after two consecutive weeks of losses. At the close, the benchmark 'palm oil' contract for May delivery…
Palm slips due to weak soyoil but is still on track to end its two-week slide
Malaysian palm futures fell on Friday due to weaker soyoil, and concerns over the potential for an excess of production. Traders are awaiting export data as they await further clues. By midday, the benchmark 'palm oil contract' for a May delivery…
Palm drops on Dalian's weakening, and is set to fall for a second week.
Malaysian palm oil futures fell for the fourth consecutive session on Friday, mirroring rivals in Dalian, and were headed?for their second consecutive weekly loss. By midday, the benchmark palm oil contract for April delivery at the Bursa Derivatives exchange had fallen 29 ringgit (0.72%) to 4…
Vitol CEO: Oil supply is squeezed by geopolitical factors
Vitol CEO Russell Hardy stated on Thursday that the global oil market has tightened despite predictions of an 'oversupply'. U.S. sanctions have limited the?outlets? for Russian and Iranian oil, which is causing a?increase in demand for oil from alternative sources.
Palm prices fall on firmer Ringgit and weaker Dalian Market
Malaysian palm futures fell for a third time on Thursday as a'slightly stronger ringgit' added to losses in the Dalian market and the absence of positive signals from an important'market conference. The benchmark April palm oil contract on the Bursa Derivatives exchange fell 24 ringgit (0.59%) to 4…
Palm futures in Dalian are weaker due to a stronger ringgit and a lower palm oil price.
The Malaysian palm oil market extended its losing streak on Thursday to a third day, due to the slightly stronger ringgit and a lack of positive signals from a major market conference. By midday, the benchmark palm oil contract on Bursa Derivatives…
The price of VEGOILS - Palm ends lower following the views and forecasts at the Price Outlook Conference
After the Price Outlook Conference (POC), held in Kuala Lumpur, several forecasts and views were presented. The benchmark palm oil contract for April delivery at Bursa Derivatives Exchange dropped 35 ringgit (0.85%) to 4,060 Ringgit ($1,037.83).
Palm gains on bearish outlook, slightly weaker Ringgit
After a selloff triggered by a major data release and a bearish outlook, Malaysian palm futures gained on Wednesday, snapping the losses of the previous session. The ringgit was also marginally weaker. By midday, the benchmark palm oil contract…
VEGOILS - Palm oil gains over rival soyoil. Key data on production and price forecasts are awaited.
Malaysian palm futures closed higher Monday. The market is awaiting data from the Malaysian Palm Oil Board and the Price Outlook Conference. The benchmark April palm oil contract on the Bursa Derivatives exchange rose 19 ringgit (0.46%) to 4,173 Ringgit ($1,061.29) per metric ton at close.
Oil Prices Rise After US Urges Caution for Vessels Traveling Near Iran
Oil prices rose more than 1% on Monday after the U.S. Department of Transportation issued an advisory to U.S.-flagged vessels to stay as far as possible from Iranian territory while voyaging through the Strait of Hormuz and Gulf of Oman.Brent crude oil futures were up 89 cents…
What can oil prices tell you about the market? Not a lot: Bousso
The global oil market is experiencing a series of price spikes due to geopolitical tensions and the opaque stockpiling. Western sanctions and tightening Western sanction are also causing traders to be in the dark. Prices may not accurately reflect…
Palm oil records first weekly decline in five weeks on the back of weak competitors
The price of Malaysian palm oils futures fell for the first time in five weeks due to the weakness of edible oils in Chicago and Dalian. By midday, the benchmark April palm oil contract on the Bursa Derivatives exchange had fallen 53 ringgit or 1.26% to 4,153 ringgit (1,052.72) per metric tonne.
Palm oil prices drop on Dalian pressure and demand concerns
Malaysian palm futures declined on Thursday due to a weaker Dalian vegetable oil and demand concerns amid a stronger ringgit. By midday, the benchmark 'palm oil' contract for April delivery at the Bursa Derivatives exchange had fallen 27 ringgit or 0.64% to 4,198 ringgit (1,063.86) per metric tonne.
Palm oil surpasses Dalian rivals in price
Malaysian palm oils futures rose on Wednesday, after two sessions of falls. They followed gains in Dalian vegetable oil, and 'expectations that Malaysian palm stocks would decline by 'end-January' added support. The benchmark April palm oil contract…