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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Palm oil clocks near 3% weekly loss as crude, Dalian prices weaken
Malaysian palm oil futures fell over 1% lower on Friday and logged a weekly slump, dragged by weak crude and rival Dalian prices.
VEGOILS-Palm jumps as rival oils, crude rebound from Omicron battering
KUALA LUMPUR, Nov 29 (Reuters) - Malaysian palm oil futures tracked rival edible oils and crude higher on Monday, as global markets recovered from a sell-off stoked by the discovery of the Omicron coronavirus variant last week.
Palm oil may revisit low of 4,706 ringgit, downside potential untapped
SINGAPORE: Palm oil may revisit its Nov. 9 low of 4,706 ringgit per tonne, driven by a wave c.
Palm oil clocks near 3pc weekly loss
KUALA LUMPUR: Malaysian palm oil futures fell over 1% lower on Friday and logged a weekly slump, dragged by weak crude and rival Dalian prices. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange closed down 76 ringgit, or 1.54%, to 4,851 ringgit ($1,144.91) a tonne.
Sarawak Oil Palms net profit soars 70% to RM125 mil in 3Q
KUALA LUMPUR (Nov 26): Sarawak Oil Palms Bhd’s (SOPB) net profit for the third quarter (3Q) ended Sept 30, 2021 soared 70% to RM125.48 million against RM73.83 million in the same quarter a year ago.
Negri Sembilan Oil Palms rewards shareholders with RM4.9mil dividends
KUALA LUMPUR (Nov 26): Plantation company Negri Sembilan Oil Palms Bhd (NSOP) is paying out RM2.81 million or 4 sen per share in special dividend to its shareholders after its net profit surged 425% year-on-year to RM7.35 million in the third quarter of 2021.
Jokowi’s EU fight
Indonesia and the European Union are normally close partners on many fronts, but this time around they are suing each other for “unfair trade practices†at the World Trade Organization (WTO).
Palm oil may fall to 4,827 ringgit; wave c incomplete
Palm oil may break a support at 4,902 ringgit per tonne, and fall to the next support at 4,827 ringgit.
VEGOILS-Palm set for weekly decline as crude, Dalian prices fall
Malaysian palm oil futures edged lower on Friday and were on course for a weekly decline, weighed down by weaker crude and rival Dalian prices, and by slowing exports.
