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NEW DELHI: Palm oil futures advanced to trade near a two-year high, with firmer petroleum prices and a rise in rival soybean oil supporting the market.
KUALA LUMPUR: Malaysia signed a pact on Thursday for exports of palm oil to south Asia next year, amid uncertainty over trade with India after its dealers last month urged a boycott of palm oil from the southeast Asian nation.
SINGAPORE/KUALA LUMPUR: Palm oil futures dropped on Thursday, giving up some of the previous session's gains as traders took profit while waiting for new leadsSINGAPORE/KUALA LUMPUR: Palm oil futures dropped on Thursday, giving up some of the previous session's gains as traders took profit while waiting for new leads
KUALA LUMPUR: Malaysian palm oil futures reversed course to edge higher on Wednesday as data showed lower production figures, implying tighter supplies.
SINGAPORE: Malaysian palm oil futures tumbled on Friday, weighed by a stronger ringgit and as panic buying on supply shortage worries eased.
KUALA LUMPUR/ JAKARTA: The rally in palm oil prices is set to accelerate as demand for the commodity’s use in biofuel increases at a time when output is falling, according to veteran industry analyst Dorab Mistry.
SINGAPORE: Malaysian palm oil futures retreated after touching a 19-month high earlier on Thursday, as the ringgit gained and as panic buying emerged due to an expected supply shortage died down.
SINGAPORE: Malaysian palm oil futures extended gains for a sixth straight session on Wednesday, rising over 3% to hit a more than 18-month high, on expectations of declining production but a stronger ringgit capped gains.
SINGAPORE: Malaysian palm oil futures extended gains and saw their biggest weekly jump in nearly three years, on the back of improved export sentiment and as the commodity tracked sharp rallies in offerings elsewhere.
SINGAPORE: Malaysian palm oil futures surged for a third straight session to hit a 16 month-high on Thursday, supported by expectations that exports in October could be higher than a month earlier.