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KUALA LUMPUR: Malaysian palm oil futures shed early gains on Tuesday as traders feared that the surge in demand and exports would eventually lose steam if there is a second wave of Covid-19.
SINGAPORE: Malaysian palm oil futures hit their highest level in more than two months on Friday, riding on gains in crude oil prices as well as lower stocks in top importers India and China.
KUALA LUMPUR (Reuters): Malaysia announced on Friday (June 5) it would fully exempt palm oil from export duty this year, in a move that traders estimated could boost shipments of the edible oil by 1 million tonnes in the second half of year.
MUMBAI: Indian buyers have resumed purchase of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said.
MUMBAI/SINGAPORE: Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said.
KUALA LUMPUR: Malaysian palm oil futures climbed for a third straight session on Thursday, tracking higher crude and soybean oil prices, as traders awaited data on April exports due later in the day.
KUALA LUMPUR: Palm oil shipments from Malaysia to top customer India may plunge to a fresh record low in April as the virus lockdown and punitive import curbs cause demand to dry up.
NEW DELHI (Bloomberg): Palm oil dropped to a five-month low on concern about poor purchases by top buyer India, Malaysia’s move to allow the industry to operate during a nationwide lockdown and an overnight slump in petroleum.
PETALING JAYA: Mumbai-based vegetable oils broker Sunvin Group has hailed Malaysia’s initiative to resolve the palm oil trade dispute with India by planning to send a delegation to the country soon.
KUALA LUMPUR: Palm oil futures surged for a fourth day on expectations that purchases will pick up to meet festive-season demand and production will rise slower than earlier predicted