Malaysian palm oil/Vegoils: Market factors to watch Friday Jan 11

  • Business
  • Friday, 11 Jan 2019

In a filing with Bursa Malaysia, IJM said pursuant to the agreement, IPS and the individual shareholder would own 20% and 5% stakes in PT PSS respectively, while KLKPH would own a majority of 75%.

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


* Malaysian palm oil futures declined at their sharpest daily rate in two weeks by the end of trade on Thursday, snapping two sessions of gains, on bearish official data on December inventories, production and exports.

* U.S. soybean futures dropped nearly 2 percent on Thursday, the steepest slide since Nov. 26, reversing a week of gains due to a lack new purchases by China following trade talks with the United States.

* Crude prices edged higher on Thursday, supported by comments from the U.S. Federal Reserve chairman that lifted equity markets, but a more than week-long oil rally slowed as optimism surrounding U.S.-China trade talks faded.


* An index of world stock markets rose on Thursday as worries over the lack of clear signs of a resolution to the U.S.-China trade spat were offset by an assurance by Federal Reserve Chairman Jerome Powell that the U.S. central bank has the ability to be patient on monetary policy.


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Cargo surveyor AmSpec releases Malaysia's Jan 1-15 palm oil export data on Jan 15.

Cargo surveyor SGS releases Malaysia's Jan 1-15 palm oil export data on Jan 15.

Cargo surveyor ITS releases Malaysia's Jan 1-15 palm oil export data on Jan 15.

Industry regulator the Malaysian Palm Oil Board releases Malaysia's December palm oil data on Jan 15. - Reuters

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