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KUALA LUMPUR: Malaysian palm oil futures edged down on Wednesday to a near one-week low as concerns over waning demand from key customers turned investors wary, although official data showing smaller stockpiles in the No.2 grower provided some support.
KUALA LUMPUR: Malaysian palm oil futures rose to their highest in a week on Wednesday as the ringgit dipped, making the ringgit-denominated palm feedstock cheaper for overseas customers.
JAKARTA: Malaysian palm oil futures eased on Monday, tracking other vegetable oils lower as cautious traders eyed the negative impacts of a possible default by Greece on its debt repayment.
KUALA LUMPUR: Malaysian palm oil futures inched down on Tuesday as investors booked profits ahead of key industry data on monthly inventories and output in the No.2 producer, with prices facing pressure as the ringgit clawed back gains from nine-year lows.
KUALA LUMPUR: Malaysian palm oil futures closed lower on Thursday, retreating from a one-week high as investors turned cautious over fading export demand, though a weak ringgit currency limited losses.
Palm oil is slowly changing its less favourable perception to one that signifies an overall better choice in the kitchen.
THE alarming rise in palm oil stocks on the back of slow exports spells bad news for crude palm oil (CPO) prices for the rest of this year.
JAKARTA: Malaysian palm oil futures rose to a one-week high on Tuesday, supported by positive export data, a weak ringgit and dry weather conditions. The benchmark December palm oil contract on the Bursa Malaysia Derivatives Exchange ended up 1.5 percent by the close, at 2,183 ringgit ($508) a tonne.
JAKARTA: Malaysian palm oil futures surged for a sixth day in a row to new 15-month highs on Tuesday, bolstered by bullish analyst forecasts, a weakening ringgit and expectations recent dry weather and haze will curb crop output.
KUALA LUMPUR: Malaysian palm oil futures rose on Monday, supported by strong gains in rival oilseed and crude oil prices.