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palm oil output

Palm oil soars 7pc to record high

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
Palm oil rises over 2pc as Chicago soybean prices rally
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
India's April palm oil imports surge 82pc y/y, trade body says
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
Palm oil closes at 13-year high as concerns over supply support
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
Palm closes little changed, concerns over coronavirus weigh
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