News
Palm oil eases after hitting near 2-week high on bird flu worries
SINGAPORE: Malaysian palm oil futures ended slightly lower after hitting a near two-week high on Tuesday as fears over the bird flu outbreak in China and its impact on soybean prices outweighed hopes for lower palm inventory in the Southeast Asian nation, the world’s No.2 producer. Industry re...
Indonesia Palm Oil Exports Set for Biggest Drop in Two Years
Palm oil shipments from Indonesia probably slumped by the most in two years in March, slowing a decline in inventories at the world’s largest producer, as demand eased from China, the second-biggest buyer. Sales plunged 19 percent to 1.65 million metric tons from 2.04 million ton...
CPO Futures Up on Stock Concerns
KUALA LUMPUR: The crude palm oil futures contract on Bursa Malaysia Derivatives closed higher on expectation of lower inventories for March. Spot month April increased RM23 to RM2,370 a tonne, May added RM38 to RM2,392 a tonne, June gained RM44 to RM2,400 a tonne and July improved RM38 to RM2,4...
Palm Oil Reserves Seen Dropping
Palm oil stockpiles in Malaysia probably fell the most in more than two years in March as exports from the world’s second-largest producer increased for the first time in five months. Inventories declined 7 per cent to 2.27 million metric tonnes from February, the steepest monthly drop since J...
Palm Oil Climbs as Stockpiles Seen Declining Most in Two Years
Palm oil gained as a survey showed that inventories in Malaysia probably fell the most in more than two years in March as exports increased for the first time in five months from the world’s second-largest producer. The contract for delivery in June advanced as much as 1.3 percent to 2,390...
Palm Oil Up as Investors Look for Stocks
Malaysian palm oil futures edged up in thin trade on Monday as investors pinned their hopes on stockpiles having eased further in March, signalling stronger demand for the tropical oil, although a stronger ringgit capped gains. Traders are looking ahead to Malaysian Palm Oil Board (MPOB) data on Mar...
