Trends - palm oil output - Business Recorder

palm oil output

Palm oil soars 7pc to record high

KUALA LUMPUR: Malaysian palm oil futures vaulted over 7% to an all-time peak on Tuesday, as the shutting of ...

Published 02 Mar, 2022 04:35am

Markets

Palm up for fourth session tracking rivals

KUALA LUMPUR: Malaysian palm futures rose to their highest in one-and-a-half weeks on Friday, tracking rival oils,...

Published 24 Dec, 2021 10:43am

Markets

Palm jumps nearly 4% on expectations of tight supply

KUALA LUMPUR: Malaysian palm oil futures rallied for a second consecutive session to hit a two-week closing high on...

Published 07 Dec, 2021 04:49pm

Markets

Palm slumps to 8-week low as edible oils slide on Omicron worries

KUALA LUMPUR: Malaysian palm oil futures plunged to their lowest level in eight weeks on Tuesday despite robust...

Published 30 Nov, 2021 05:31pm

Markets

Palm oil ends two-day decline on lower Indian import taxes

India lowers import taxes for vegetable oils
Sept stocks to tick up as supply outstrips demand: analysts
CPO prices to remain elevated due to tight supply: analysts

Published 13 Sep, 2021 04:37pm

Markets

Palm oil falls nearly 2%, ends five-day gain ahead of key data

Palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed down 87 ringgit, or 1.94%, at 4,391 ringgit ($1,059.09) a tonne

Updated 09 Sep, 2021 04:24pm

Markets

Palm oil climbs 2% to three-week peak on supply worries, demand hopes

Palm hits highest since Aug 17
India's edible oil imports seen at lowest in six years -SEA
Refinitiv cuts output forecast for Malaysia, raise Indonesia's
Negative imports margins in India, Europe, China – broker

Updated 08 Sep, 2021 05:06pm

Markets

Palm oil ends at near two-week high on demand rebound hopes

Investors await industry data amid supply uncertainties
MPOB cuts 2021 palm oil output forecast to 18mn tonnes
IOPRI pegs stronger Indonesia output in 2021, 2022

Published 07 Sep, 2021 04:21pm

Markets

Palm oil falls tracking rival oils, logs 1.5% weekly climb

Palm oil logs 1.5% weekly rise
Indonesia sets higher CPO export tax, retains levies
MPOB pegs 2021 average CPO price at 3,600 RGT/T

Updated 27 Aug, 2021 05:14pm

Markets

Palm falls on August export plunge, profit-taking

Market expects rise in Indonesia's Sept export duties: broker
CPO prices to weaken on rising output, demand rationing: analyst
World palm oil production to rise 2.1mn tonnes in 2020/21: analyst

Updated 17 Aug, 2021 04:32pm

Markets

Palm spikes over 7% to record close on bullish MPOB data

Palm marks biggest daily gain since January 2009
End-July stockpiles down 7.3% to 1.5mn tonnes: MPOB
Stockpile misses market expectation: analyst

Updated 11 Aug, 2021 05:15pm

Markets

Palm oil reverses losses, jumps over 2% on declining production

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange rose 113 ringgit, or 2.7%, to 4,384 ringgit ($1,036.41) a tonne

Published 26 Jul, 2021 05:38pm

Markets

Indonesia May palm oil exports soar on stronger shipments to Africa, Middle East

Exports of total palm oil products from Indonesia stood at 2.95 million tonnes in May, up from 2.43 million tonnes in 2020. Compared to April, it rose 12%.

Published 14 Jul, 2021 01:00pm

Markets

Palm jumps over 3pc, books weekly gain on weaker ringgit

Palm logs longest weekly gaining streak since Jan..
Ringgit weakens to near one-year low.
Market speculates July 1-10 exports to fall 2%.

Updated 09 Jul, 2021 05:08pm

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 gains more than 6pc on bargain-hunting, soyoil strength

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed 6.2% higher at 3,583 ringgit ($870.72) a tonne.
CBOT soybean futures reversed previous losses, with its soyoil contract rising 1.3%.

Updated 15 Jun, 2021 05:30pm

Markets

Palm oil ends at over 4-month low on weaker soyoil, sliding demand

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange fell 285 ringgit, or 7.8%, to 3,378 ringgit ($821.30) a tonne, its lowest since Feb. 5.

Updated 14 Jun, 2021 05:10pm

Markets

Palm falls for second day on forecasts of higher output, stockpiles

Market talks of Indonesia export levy cut weigh.
MPOA sees 7% monthly rise in May output –traders.

Published 08 Jun, 2021 05:05pm

Markets

Palm oil eases on rising stocks but logs 3pc weekly gain

Palm logs second weekly rise.
Malaysia end-May stockpile seen higher at 1.64 mln T.
Indonesia yet to decide on export levy cut.

Updated 04 Jun, 2021 06:22pm

Markets

Palm closes at 2-week high on global supply worries

Palm oil hits highest since May 20.
India considers edible oil import tax cut to lower prices.
Indonesia's biodiesel consumption down 8.2% in Jan-April.

Published 03 Jun, 2021 07:15pm

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 oil falls for second day on lockdown demand concerns

Palm oil declines for second session.
Malaysia's lockdown may hit domestic consumption.
Market seen volatile ahead of output, stocks estimates –broker.

Published 01 Jun, 2021 06:08pm

Markets

Palm oil rises over 2pc as Chicago soybean prices rally

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up at 4,015 ringgit ($971.68) a tonne when the market closed.
The contract gained 0.6% this week after plunging 11.43% in the previous week, its biggest weekly drop in one year.

Published 28 May, 2021 06:17pm

Markets

Palm rises 5pc on concerns over global supply squeeze in edible oils

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange settled 215 ringgit, or 5.07%, higher at 4,457 ringgit ($1,080.48) a tonne, after closing 1.05% lower on Monday.

Published 18 May, 2021 08:26pm

Markets

Palm retreats from record high as concerns over global edible oil supply ease

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange ended down 45 ringgit, or 1.05%, at 4,240 ringgit ($1,026.88) a tonne.
Malaysian markets were closed last Thursday and Friday after a half-day trade on Wednesday for holidays.

Published 17 May, 2021 06:16pm

Markets

India's April palm oil imports surge 82pc y/y, trade body says

The country imported 701,795 tonnes of palm oil last month, while soyoil imports fell by 21% to 144,020 tonnes, the Solvent Extractors' Association of India (SEA) said in a statement.
Sunflower oil imports dropped 18% to 184,097 tonnes in April after prices more than doubled in a year, it added.

Published 12 May, 2021 05:45pm

Markets

Palm oil closes at 13-year high as concerns over supply support

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange finished up 166 ringgit, or 4.1%, to 4,210 ringgit ($1,021.84) a tonne.
"Demand is better, with palm being the cheapest vis-a-vis other competing oils. Thus, we anticipate prices to remain both defensive and firmer," he added.

Updated 06 May, 2021 05:08pm

Markets

Palm closes little changed, concerns over coronavirus weigh

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange last traded down 2 ringgit, or 0.05%, to 4,040 ringgit ($981.77) a tonne.
Top importer India on Wednesday reported 382,315 new coronavirus cases, health ministry data showed.

Updated 05 May, 2021 05:34pm

Markets

Indonesia March crude palm oil output, exports surge on-year

Indonesia March crude palm oil output: +13.5 y/y; 20.9 m/m.
Palm exports, including refined products: +18.7% y/y; +62.8% m/m.
Crude palm oil end-stocks: -5.4% y/y; -20.6% y/y.

Published 28 Apr, 2021 04:58pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 14	277.83
USD PKR Interbank Buying / Nov 14	277.63
USD to Japanese Yen / Nov 14	155.86
USD to Swiss Franc / Nov 14	0.89
Pound Sterling to USD / Nov 14	1.27
Euro to USD / Nov 14	1.06

Stock	Volume
S&P 500 / Nov 13	5,985.38
Nasdaq / Nov 13	19,230.72
Dow Jones / Nov 13	43,958.19
India Sensex / Nov 14	77,517.41
Tokyo Nikkei / Nov 14	38,680.99
Hang Seng / Nov 14	19,503.42
FTSE 100 / Nov 14	8,042.72
Germany DAX 30 / Nov 14	19,122.26

Item	Value
Gold 10 Grams PKR / Nov 12	231,911
Karachi Cotton PKR/37.32 KG / Nov 13	18,085
Crude Oil USD/Barrel / Nov 14	67.97
Gold Spot USD/Ounce / Nov 14	2,558.37
Cotton US¢/pound / Nov 14	71.10
Petrol/Litre / Nov 15	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▼ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▼ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▼ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▲ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▲ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▲ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 15 Worldcall Telecom Limited(WTL)	43,291,848 ▲ 0.00
Waves Home Appliances / Nov 15 Waves Home Appliances Limited(WAVESAPP)	33,201,636 ▲ 0.00
Pak Refinery / Nov 15 Pakistan Refinery Limited(PRL)	31,524,926 ▲ 0.00
K-Electric Ltd. / Nov 15 K-Electric Limited(KEL)	27,455,465 ▲ 0.00
Pak Elektron / Nov 15 Pak Elektron Limited(PAEL)	26,996,630 ▲ 0.00
Sui South Gas / Nov 15 Sui Southern Gas Company Limited(SSGC)	26,013,918 ▲ 0.00
The Searle Co. / Nov 15 The Searle Company Limited(SEARL)	25,704,933 ▲ 0.00
Pak Int.Bulk / Nov 15 Pakistan International Bulk Terminal(PIBTL)	23,694,836 ▲ 0.00
Secure Logistics / Nov 15 Secure Logistics Group Limited(SLGL)	23,623,241 ▲ 0.00

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