MEDIA AND RESOURCE CENTER

Malaysian palm oil price hits 6-week peak on stronger crude oil and soyoil

23-May-2018
Malaysian palm oil futures climbed to a six-week high in evening trade on Tuesday, charting a third session of gains in four, tracking overnight strength in U.S. soyoil and crude oil prices. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 1.3 percent at 2,477 ringgit ($624.64) a tonne at the end of the trading day for its largest percentage gain since May 14.

Malaysian palm falls in late trade on weak export data

22-May-2018
Malaysian palm oil futures declined on Monday evening, snapping two sessions of gains, weighed down by weaker export data from a cargo surveyor and an inspection company. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange fell 0.2 percent to 2,446 ringgit ($614.88) a tonne at the close. The contract had risen 1.3 percent to 2,481 ringgit earlier in the session, its highest since April 9, buoyed by overnight strength in U.S. soyoil on the Chicago Board of Trade and a weaker ringgit, as this makes palm oil cheaper for holders of foreign currencies.

Malaysian palm oil/Vegoils: Market factors to watch Tuesday May 22

22-May-2018
Malaysian palm oil futures declined on Monday evening, snapping two sessions of gains, weighed down by weaker export data from a cargo surveyor and an inspection company.

Crude Palm Oil Weekly Report – May 19, 2018

21-May-2018
Malaysian palm oil futures ended the week trading to the highest in more than five weeks, attributed to gains in related edible oils and crude oil while underpinned by a weaker ringgit despite setbacks from weaker export data. The benchmark crude palm oil futures (FCPO) contract rose 4.78 per cent to RM2,449 on Friday, which is RM58 lower than RM2,332 during the previous week. The average daily trading volume during Monday, Wednesday and Thursday increased 23.72 per cent with a total average of 50,861 contracts traded, as compared with a total average of 38,797 contracts traded during last Monday to Thursday.

Palm rises on bargain-hunting, weaker ringgit

18-May-2018
Malaysian palm oil futures recovered from a one-week low on Thursday and ended trading higher on the back of bargain-buying and a weaker ringgit, its currency of trade. Gains in the Chicago Board of Trade soyoil also lent support to the market, said traders. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 0.8% at RM2,432 (US$613.06) a tonne at the close of trade. Earlier in the session, it hit the lowest since May 8 at RM2,399.

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