PALM NEWS MALAYSIAN PALM OIL BOARD Monday, 06 Apr 2026

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MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Jan 7
calendar07-01-2016 | linkReuters | Share This Post:

07/01/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.


FUNDAMENTALS

* Malaysian palm oil futures fell on Wednesday, largely because of weak demand from major importer China.

* U.S. grain and soybean futures rebounded from early-session losses on Wednesday in a technical short-covering bounce as investors squared positions ahead of a U.S. Department of Agriculture crop report due early next week.

* Crude oil prices plunged 6 percent on Wednesday, diving below $35 per barrel for the first time since 2004 as data showing a shockingly large build-up of U.S. gasoline supplies fed fears that a global surplus was still growing.

MARKET NEWS

* Stocks across the globe fell on Wednesday to their lowest in nearly three months as a move to weaken China's currency fuelled fears about the strength of the world's second largest economy and as Brent crude hit its lowest since 2004.

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DATA/EVENTS

> Cargo surveyor ITS releases Malaysia's Jan 1-10 palm oil export data on January 11.

> Cargo surveyor SGS releases Malaysia's Jan 1-10 palm oil export data on January 11.

> MPOB releases Malaysia's December 2015 data on January 11.

Palm, soy and crude oil prices at 0012 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JAN6 0 +0.00 0 0 0

MY PALM OIL FEB6 0 +0.00 0 0 0

MY PALM OIL MAR6 0 +0.00 0 0 0

CHINA PALM OLEIN MAY6 4750 -20.00 4714 4758 470920

CHINA SOYOIL MAY6 5638 -12.00 5606 5646 194896

CBOT SOY OIL MAR6 29.78 +2.90 0.00 0.00 0

INDIA PALM OIL JAN6 411.50 +2.90 406.50 412.00 2586

INDIA SOYOIL JAN6 602.20 -7.65 601.20 609.00 33930

NYMEX CRUDE FEB6 34.21 +0.24 34.08 34.26 2523

Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel