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UPDATE 1-Malaysia’s June 1-15 palm exports fall 7.8 pct -ITS
KUALA LUMPUR, June 16 (Reuters) – Exports of Malaysian palm oil products for June 1-15 fell 7.8 percent to 589,748 tonnes from 639,414 tonnes during May 1-15, cargo surveyor Intertek Testing Services said on Monday. Here is the breakdown of the ITS palm export figures for June 1 to 15 compared...
Palm Oil Reserves in Indonesia Seen Climbing to Eight-Month High
Palm oil inventories in Indonesia probably climbed to an eight-month high in May as exports from the world’s biggest supplier were the second lowest since 2012. Stockpiles expanded 10 percent from April to 2.2 million metric tons, the highest since September, according to the median of estimates fro...
Palm Oil/Vegoils: Market Factors to Watch June 16 Monday
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday. FUNDAMENTALS * Palm oil strengthened in Malaysia on Friday snapping three weeks of declines, buoyed by firmer crude oil prices, buyers stocking up ahead of the Musl...
CPO Futures Uptrend Continues
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange closed higher yesterday on the back of strong performance on the crude oil market due to escalating tension in Iraq. At close, June 2014 increased RM13 to RM2,403, July 2014 added RM22 to RM2,433, August 2014 advanced...
Palm Futures Prices Rebound
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange rebounded to close higher yesterday on the back of strong performance of soyabean oil prices on the Chicago Board of Trade. Phillip Futures Sdn Bhd derivative product specialist David Ng said the market was bullish on...
El Nino Risk Dents World Palm Oil Supply Outlook: Southeast Asia
A moderate El Nino weather pattern would reduce palm oil output by as much as 12 percent in Malaysia, the world’s second-largest producer, IOI Corp. (IOI) Chief Executive Officer Lee Yeow Chor said. Prices may advance to a range of 2,650 ringgit ($827) a metric ton to 2,850 ringgit from Au...
