AGL 38.20 Increased By ▲ 0.05 (0.13%)
AIRLINK 129.30 Increased By ▲ 4.23 (3.38%)
BOP 7.85 Increased By ▲ 1.00 (14.6%)
CNERGY 4.66 Increased By ▲ 0.21 (4.72%)
DCL 8.35 Increased By ▲ 0.44 (5.56%)
DFML 38.86 Increased By ▲ 1.52 (4.07%)
DGKC 82.20 Increased By ▲ 4.43 (5.7%)
FCCL 33.64 Increased By ▲ 3.06 (10.01%)
FFBL 75.75 Increased By ▲ 6.89 (10.01%)
FFL 12.83 Increased By ▲ 0.97 (8.18%)
HUBC 110.72 Increased By ▲ 6.22 (5.95%)
HUMNL 14.03 Increased By ▲ 0.54 (4%)
KEL 5.22 Increased By ▲ 0.57 (12.26%)
KOSM 7.69 Increased By ▲ 0.52 (7.25%)
MLCF 40.08 Increased By ▲ 3.64 (9.99%)
NBP 72.51 Increased By ▲ 6.59 (10%)
OGDC 189.18 Increased By ▲ 9.65 (5.38%)
PAEL 25.74 Increased By ▲ 1.31 (5.36%)
PIBTL 7.38 Increased By ▲ 0.23 (3.22%)
PPL 153.45 Increased By ▲ 9.75 (6.78%)
PRL 25.52 Increased By ▲ 1.20 (4.93%)
PTC 17.92 Increased By ▲ 1.52 (9.27%)
SEARL 82.50 Increased By ▲ 3.93 (5%)
TELE 7.63 Increased By ▲ 0.41 (5.68%)
TOMCL 32.50 Increased By ▲ 0.53 (1.66%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.74 Increased By ▲ 0.61 (3.78%)
TRG 56.01 Increased By ▲ 1.35 (2.47%)
UNITY 28.85 Increased By ▲ 1.35 (4.91%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,684 Increased By 595 (5.9%)
BR30 31,445 Increased By 1935.9 (6.56%)
KSE100 99,269 Increased By 4695.1 (4.96%)
KSE30 31,032 Increased By 1587.6 (5.39%)

Palm oil on the European vegetable oils market rose on Thursday, tracking gains in Malaysian palm oil futures amid concerns over tighter supplies, and underpinned by stronger soyaoil futures. Asking prices for palm oil were between $2.50 and $10 a tonne up after Malaysian palm oil futures closed between 13 and 27 ringgit per tonne higher.
"Palm oil production is up, exports are down, India raises import taxes and Malaysian palm oil stocks are well up. Still there is talk in the futures market about tighter supplies, it causes some uncertainty on the cash market," one broker said. At 1630 GMT CBOT soyaoil futures were between 0.14 and 0.37 cents per lb up, tracking Chicago soyabeans on strong US export demand. Slightly higher energy markets were also supportive.
EU rapeoil was offered between two euros per tonne up and one euro down, mostly supported by stronger CBOT soyaoil and firmer rapeseed futures, which took their cue from firmer CBOT soyabeans. The outlook for ample world oilseed supplies limited gains. Lauric oils were mostly quoted between flat and $20 a tonne up from Wednesday, tracking stronger palm and soyaoil prices. Demand was hardly noted.

Comments

Comments are closed.