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Malaysian palm oil/Vegoils: Market factors to watch Thursday Oct 19

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Oct 19.

Malaysian palm oil futures prices fell on Tuesday after a run of daily gains, on slowing demand and profit-taking ahead of a public holiday on Wednesday.

Palm oil prices may rise to US$850/T on weak output recovery, tight stocks

KUALA LUMPUR: Crude palm oil prices are forecast to rise to $800 per tonne CIF Rotterdam by January, with potential to hit $850 by March 2018, said leading edible oils analyst Dorab Mistry on Wednesday

"Peak stocks in Malaysia will not exceed 2.3 million tonnes by January 2018. After that stocks will decline ... all the way to July 2018 and we shall have a period of the tightest ever stocks in history," said Mistry(filepic), in the text of a speech delivered in Bogota, Colombia

Malaysian palm oil prices fall back on weak demand, profit-taking

KUALA LUMPUR: Malaysian palm oil futures prices fell on Tuesday after a run of daily gains, on slowing demand and profit-taking ahead of a public holiday on Wednesday.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange fell 0.8 percent to 2,741 ringgit a tonne on Tuesday evening, its first fall in a week.  Earlier in the session, it fell to an intraday low of 2,738 ringgit.  Traded volumes stood at 56,668 lots of 25 tonnes each at the at the close of trade.

Malaysian palm oil/Vegoils: Market factors to watch Tuesday Oct 17

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Oct 17.

Malaysian palm oil futures extended gains on Monday evening, recording a fourth straight day of wins tracking higher crude oil prices and stronger export data from cargo surveyors.

Malaysian palm oil prices make further gains on higher crude oil, stronger exports

KUALA LUMPUR: Malaysian palm oil futures extended gains on Monday evening, recording a fourth straight day of wins tracking higher crude oil prices and stronger export data from cargo surveyors.

The benchmark palm oil contract price for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.2 percent at 2,762 ringgit ($655.20) a tonne at the close of trade. It earlier rose to a daily high of 2,766 ringgit, the best level since Sept. 27.  Traded volumes stood at 44,760 lots of 25 tonnes each at the end of the trading day.

Malaysian palm oil/Vegoils: Market factors to watch Thursday Oct 12

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Oct 12.

 Malaysian palm oil futures ended slightly higher on Wednesday, supported by a stronger export outlook and technical buying, though gains were capped by expectations of rising production in October.

Malaysian palm oil price edges up on stronger demand

KUALA LUMPUR: Malaysian palm oil futures ended slightly higher on Wednesday, supported by a stronger export outlook and technical buying, though gains were capped by expectations of rising production in October

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 0.1 percent at 2,696 ringgit ($638.86) a tonne at the close.  Traded volumes stood at 42,652 lots of 25 tonnes each on Wednesday evening.

Palm oil inventory expected to rise this month

PETALING JAYA: The local palm oil stockpile is expected to increase this month.

Hong Leong Investment Bank (HLIB) in its latest report said this seasonality factor coupled with crude palm oil’s (CPO) reduced price competitiveness against soyoil with the absence of seasonal re-stocking activities could lead to higher inventory levels.  However, it expects the stockpile to normalise as “the seasonally weaker production kicks in from November onwards.”

FGV has no more room for error

THE resumption of duties by Datuk Zakaria Arshad as president and chief executive of Felda Global Ventures Holdings Bhd (FGV) next week brings to an end one of the most dramatic boardroom tussles in recent times.

Zakaria(filepic) will return and find two new directors at the board led by new chairman Datuk Wira Azhar Abdul Hamid who also announced that the return of Zakaria did not mean it’s business as usual.  He said there was a need for a new management structure to strengthen the organisation and to execute the strategic plans of the board.  Azhar hinted at further board changes

Malaysian palm oil/Vegoils: Market factors to watch Wednesday Oct 11

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Oct 11.

Malaysian palm oil futures declined sharply in late trade on Tuesday after five straight sessions of gains, tracking weakness in related edible oils on China's Dalian Commodity Exchange and also on data from the Malaysian Palm Oil Board (MPOB)

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