Trends - palm oil production - Business Recorder

palm oil production

Palm tracks rival edible oils higher

JAKARTA: Malaysian palm oil futures extended gains for the fourth straight session on Monday, underpinned by worries...

Published 01 Jul, 2024 01:28pm

Pakistan

Cultivation in palm oil sector to cut edible oil imports

HYDERABAD: In a groundbreaking development, Sindh Agriculture University (SAU), Tando Jam, has successfully ...

Published 29 Jun, 2024 06:40am

Markets

Palm oil falls for second week on firmer ringgit, demand woes

KUALA LUMPUR: Palm oil futures in Malaysia on Friday logged a second consecutive weekly loss and fell to their...

Published 13 Jan, 2023 04:51pm

Markets

Palm oil hovers near three-week lows on slow exports

KUALA LUMPUR: Malaysian palm oil futures were flat on Thursday, hovering around three-week lows on concerns over ...

Published 13 Jan, 2023 06:05am

Markets

Palm oil slides from near 5-week high

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday after scaling a near five-week peak in the previous...

Published 05 Jan, 2023 05:58am

Markets

Palm oil rises

KUALA LUMPUR: Malaysian palm oil futures rose on Thursday for a sixth session and their highest close in nearly two...

Published 07 Oct, 2022 05:59am

Markets

Palm ends three-day rally weighed down by crude, supply fears cap losses

Palm oil rally driven by rise in energy markets: broker
Slow output, better demand to keep 2021/22 stocks low: Refinitiv

Updated 07 Oct, 2021 06:35pm

Markets

Palm reverses course to end lower

SINGAPORE: Malaysian palm oil futures gave up gains to close 1% lower on Monday as stronger palm production and...

Published 28 Sep, 2021 05:12am

Markets

Palm falls for second day on cheaper rivals, firm ringgit

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed 79 ringgit, or 1.8% lower, to 4,254 ringgit ($1,023.83) a tonne

Updated 30 Aug, 2021 05:06pm

Markets

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

Indonesia to change palm oil export levy, cut ceiling rate

Indonesian authorities have been weighing up for months whether to cut the crude palm oil export levy, which has been at its highest level for five months in a row, hurting demand.
The tariff for export levy begins when prices are at $750 per tonne, with a $20 increase for every $50 rise in CPO.

Published 21 Jun, 2021 04:43pm

Markets

Palm oil falls to seven-week low on tepid June exports

Malaysia's June 1-10 exports fall 14%.
MPOB May supply and demand data below expectations.
May stocks rose only 1.49% to 1.57mn tonne–MPOB.

Published 10 Jun, 2021 05:58pm

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 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 ends lower on higher Indonesian output forecast for 2021

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange ended down 19 ringgit, or 0.47%, at 4,042 ringgit ($981.07) a tonne, after rising 5% on Monday.
Indonesia's crude palm oil output is estimated at 48.4 million tonnes while crude palm kernel oil (CPKO) is expected to be at 7.29 million tonnes this year, IOPRI said.

Published 04 May, 2021 04:55pm

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

Markets

Palm falls as analyst forecasts abundant supplies

Palm reversed momentum to end lower.
Contract gains 5.7% this week.
Traders taking profit ahead of weekend.
Supply forecast to increase fast.
Indian port to shut weekend operations – trader.

Published 23 Apr, 2021 05:22pm

Markets

Palm oil rises over 1pc tracking soyoil, improving exports

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 51 ringgit, or 1.36%, to 3,790 ringgit ($917.23) a tonne by the midday break.
The recent rally in futures also supported the cash market prices to balloon and keep crude palm oil import margins in positive territory.

Published 06 Apr, 2021 12:18pm

Markets

Sri Lanka bans palm oil imports, tells producers to uproot plantations

Palm oil imports and the number of plantations have been increasing in recent years in Sri Lanka, a leading producer of coconut oil.
Sri Lanka's President Gotabaya Rajapaksa said in a statement the aim was to "make the country free from oil palm plantation and palm oil consumption."

Updated 05 Apr, 2021 09:07pm

Markets

Palm oil may test resistance at 3,810 ringgit

After climbing above 3,749 ringgit, the contract is expected to gain more into 3,810-3,887 ringgit range.

Published 05 Apr, 2021 08:27am

Markets

Palm oil drops to five-week low

JAKARTA: Malaysian palm oil futures dropped to a five-week low on Tuesday, tracking rival oils, as sentiment was...

Published 31 Mar, 2021 05:42am

Markets

Palm oil climbs on weak output hopes

KUALA LUMPUR: Malaysian palm oil futures rose nearly 2% on Friday, lifted by stronger rival Dalian oils and industry...

Published 06 Feb, 2021 04:06am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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