Trends - palm oil stocks - Business Recorder

palm oil stocks

Palm climbs for second day as Indonesia looks to suspend export permits

SINGAPORE: Malaysian palm oil futures rose for a second session on Tuesday, underpinned by supply concerns following...

Published 07 Feb, 2023 04:19pm

Markets

Malaysia’s end-Jan palm oil stocks seen at 5-month low

KUALA LUMPUR: Malaysia’s palm oil inventories at the end of January likely slipped to a five-month low, as exports...

Published 07 Feb, 2023 06:07am

Markets

Palm ends three-day rally

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday, ending a three-session rally, pressured by demand ...

Published 26 May, 2022 05:26am

Markets

Palm rise over 2pc on stronger early Nov exports

KUALA LUMPUR: Malaysian palm oil futures extended early gains on Wednesday, logging its highest intraday rise in ...

Published 11 Nov, 2021 05:20am

Markets

Palm ends at two-week low on weaker rival oils, posts third weekly drop

Palm logs lowest closing since Sept. 2
Palm prices less competitive after higher Indian import tariff –broker
Chinese buying quiet ahead of long holidays

Published 17 Sep, 2021 04:58pm

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 oil ends lower after sharp gains

Palm retraces after biggest jump
Palm could drop further if rival oils fall
Contract had hit record high on Wednesday after inventory data

Published 12 Aug, 2021 06:15pm

Markets

Palm hits near three-week peak as India lifts curbs on refined oils

Palm oil close at highest since June 11.
New Indian rules to boost palm oil imports.

Updated 01 Jul, 2021 04:50pm

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 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

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 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 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

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

Markets

Palm oil jumps 2pc

KUALA LUMPUR: Malaysian palm oil futures climbed 2% on Tuesday, snapping a three-day decline, as stronger rival...

Published 14 Apr, 2021 03:21am

Markets

Palm oil may test resistance at 3,810 ringgit

SINGAPORE: Palm oil may test a resistance at 3,810 ringgit per tonne, with a good chance of breaking above this ...

Published 06 Apr, 2021 04:23am

Markets

Palm drops to five-week low on weak rival oils, sluggish demand

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange dropped 4.6% to 3,574 ringgit ($861.41) a tonne at closing time, the lowest closing level since Feb. 22.
Palm oil tracked rival soyoil down as soy was pressured by an upbeat planting outlook in the U.S, a palm oil trader in Kuala Lumpur said.

Published 30 Mar, 2021 05:59pm

Markets

Palm edges up on technicals, lower-than-expected production data

Palm reverses to end Monday higher.
Technical rebound after heavy selldown week prior – trader.
Lower-than-expected production data also lent support – broker.

Published 29 Mar, 2021 06:11pm

Markets

Indonesia’s end-2021 palm oil stocks seen plunging

KUALA LUMPUR: Palm oil inventories at the world’s biggest grower Indonesia is expected to shrink by almost half to...

Published 25 Mar, 2021 05:08am

Markets

Palm oil reverses early losses

KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Wednesday as traders weighed forecasts for ...

Published 18 Mar, 2021 03:56am

Markets

Palm ends three-day loss tracking soyoil, rising stocks outlook weigh

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed up 37 ringgit, or 1.02%, at 3,679 ringgit ($908.62) a tonne.
CGS-CIMB pegged crude palm oil output at 1.13 million tonnes, little changed from the previous month.

Published 03 Mar, 2021 05:52pm

Markets

Palm oil ends three-day rally

KUALA LUMPUR: Malaysian palm oil futures ended lower on Wednesday, reversing from early gains and snapping a...

Published 25 Feb, 2021 04:58am

Markets

ASIA RICE-India prices hit 2-yr peak; Vietnam grapples with supply woes

Thailand's benchmark 5% broken rice prices widened slightly to $520-$530 per tonne on Thursday, from last week's $520-$526.

Published 29 Jan, 2021 11:53am

Markets

Palm oil neutral in 3,221-3,300 ringgit range

This bounce is expected to extend towards the peak of a wave 4 around 3,348 ringgit. On the daily chart, the contract stabilized around a support at 3,148 ringgit, the 61.8% retracement on the uptrend from 2,691 ringgit to 3,888 ringgit.

Published 26 Jan, 2021 10:23am

Markets

Palm closes at two-week low on sluggish January demand

Palm extends two-day decline.
Malaysia maintains Feb CPO export duty at 8%.
Fresh lockdowns in Malaysia may reduce domestic palm use-broker.

Published 13 Jan, 2021 06:49pm

Markets

Palm oil holds near 10-year high on tight supply outlook, stronger Dalian

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 06 Jan, 2021 12:55pm

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
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
Cotton US¢/pound / Dec 18	68.50
Petrol/Litre / Dec 19	252.10

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

Markets →

Budget 2024-25: income tax calculator for FY25

palm oil stocks

Most Popular