PALM NEWS MALAYSIAN PALM OIL BOARD Monday, 06 Apr 2026

Jumlah Bacaan: 154
MARKET DEVELOPMENT
European Vegoils-Palm Oil Tad Firmer on Lower Production
calendar20-01-2016 | linkReuters | Share This Post:

20/01/2016 (Reuters) - Palm oil on the European vegetable oils market continued to firm on Tuesday on forecasts for lower production. "On Wednesday we will see palm oil exports for the first 20 days of January and then players can make up their minds about how important a lower output is," one broker said.

Palm oil was mostly offered between unchanged and $5 a tonne up from Monday after Malaysian palm oil futures closed between one and 21 ringgits a tonne higher as traders grew bullish on more pronounced forecasts of lower production.

At 1730 GMT CBOT soyoil futures were between 0.33 and 0.52 cents per lb up on short-covering and concerns about Brazil's soybean harvest, including forecasts for rains to delay the early harvest in a few areas.

Liquid oils - rapeoil, soyoil and sunoil - were mostly offered between 3 and 5 euros per tonne firmer, tracking stronger CBOT soyoil futures and slightly firmer rapeseed futures, taking cues from Chicago soybeans.

Lauric oils were offered between flat and $12.50 a tonne down after lower bids were accepted in coconut oil on profit-taking following recent gains on the back of concerns over tight copra supplies.