Malaysian palm oil/Vegoils: Market factors to watch Tuesday March 12


Malaysian palm oil futures recouped earlier losses to rise 1 percent on Friday, tracking strength in crude oil prices.

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

FUNDAMENTALS

* Malaysian palm oil futures edged lower on Monday after government data showed a higher than expected build up in stocks of the edible oil.

* U.S. wheat futures sank 2.7 percent to their lowest since January 2018 on Monday, pressured by plentiful stocks that were providing overseas buyers with multiple options for supplies when looking for export deals.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

FBM KLCI retraces slightly as Iran ceasefire discussions continue
Ringgit flat against US$, firmer vs major currencies
Trading ideas: Sunway, IJM, AMMB, AirAsia X, MNRB, Geohan, Reneuco, PT Resources, Topmix, Enest, Hibiscus, Bumi Armada, DXN
Kerjaya Prospek’s tender book robust at RM3bil
Geopolitical tensions unsettle the markets
Considerations on share-based fee for independent directors
YTL Power's DC business outlook looking rosy
Hanoi to tighten real estate standards
IJM awards Geohan highway extensions jobs
Easing cost pressures and store expansion to drive MyNews

Others Also Read