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Tag Archives: palm oil

PALM OIL RISES ON CUT IN INDIA IMPORT DUTY, WEAKER RINGGIT

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 Malaysian palm oil futures recovered on Monday from a nearly 2 percent fall in the previous session, supported by expectations of more imports from India and on a weaker ringgit. Benchmark palm oil futures for December on the Bursa Malaysia Derivatives Exchange rose 1.5 percent to 2,715 ringgit ($656) a tonne at the midday break. Traded volumes stood at 16,184 …

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Malaysian palm oil price near 3-week low on weak soy, easier supply

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KUALA LUMPUR: Malaysian palm oil futures prices dipped in trade on Thursday, hitting their lowest levels in nearly three weeks, as they tracked rival soybean oil prices.     Traders also said palm declined on easing market supply tightness, despite strong export data from cargo surveyors earlier in the day.     “Chicago has not been very positive. At the same time, tightness is easing, …

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Malaysian palm oil stocks seen at 5-year low

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Malaysian palm oil inventories are likely to have dropped in August to a more than five-year low as a strong surge in exports outpaced a smaller growth in output. By Emile Mehmet Published: 06 September 2016 05:50 PM

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