Trends - oil palm technology - Business Recorder

oil palm technology

Palm hits six-week peak on higher exports, supply squeeze

Palm jumps to highest in nearly six weeks.
July 1-15 exports up 5% m/m - cargo surveyors.

Published 15 Jul, 2021 04:40pm

Markets

Palm falls as US court ruling stokes demand worries for rival soyoil

Palm posts sharpest intraday drop in nearly two weeks.
Purchases by key importing countries sluggish – broker.

Published 28 Jun, 2021 11:25am

Markets

Palm rises 1pc on signs of growing demand; rising output view weighs

MPOA pegs June 1-20 output to rise 15% m/m –traders.
Palm advanced on demand-based rally –broker.

Published 23 Jun, 2021 06:01pm

Markets

Palm erases early gains to end flat on Indonesia's export levy change

Market concerned over rise in output –traders.
Indonesia's new levy structure weighs.
Malaysia surpasses Indonesia as India's top palm supplier.

Published 22 Jun, 2021 04:56pm

Markets

Palm declines on Indonesia's plan to revise export levy.

Palm oil extends last week's decline.
June 1-20 exports fell between 0.8% and 1.8% m/m.
Indonesia to reduce ceiling rate for export levy system.

Published 21 Jun, 2021 05:25pm

Markets

Palm reverses course to trade up 1pc on stronger US soyoil

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed up 38 ringgit, or 1.1%, at 3,415 ringgit ($825.48) a tonne.
CBOT's soybean oil contract was up 4.5% after a 9.2% drop on Thursday.

Updated 18 Jun, 2021 05:21pm

Markets

Palm falls more than 4pc tracking weak US soyoil

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed 4.1% lower, to 3,398 ringgit a tonne.
Soyoil contract on the CBOT fell 2.4%. Soybean oil prices on the Dalian dropped 1.9%, while its palm contract fell 1.6%.

Published 16 Jun, 2021 05:26pm

Markets

Malaysia's KLK offers $372mn for majority stake in IJM Plantations

IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the country, offering to acquire its 56.2% equity holding at 3.10 ringgit per share.
The offer, at a 26% premium to IJM Plantations' last traded share price of 2.46 ringgit, values the palm oil producer at 2.73 billion ringgit.

Updated 09 Jun, 2021 06:19pm

Markets

Palm climbs 5pc, hits two-week high on edible oil supply woes

Palm up after two consecutive sessions of losses
Lockdown hurts domestic demand prospects for June
Malaysia stocks seen slightly lower or unchanged – analyst.

Updated 02 Jun, 2021 06:06pm

Markets

Palm slips 3.5pc on higher export tax reference price, weaker rivals

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed down 157 ringgit, or 3.52%, at 4,300 ringgit ($1,039.65) a tonne, its biggest one-day percentage fall in seven weeks.

Published 19 May, 2021 05:05pm

Markets

Palm falls over 3pc on profit booking ahead of holiday, cheaper rivals weigh

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange fell to 3,942 ringgit ($961.46) per tonne, after closing 4.7% higher on Tuesday, its biggest jump in 11 months.
On the Chicago Board of Trade, the soybean oil contract fell 3.6%, while the Dalian Commodity Exchange's soyoil contract declined 1%.

Published 28 Apr, 2021 04:58pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01