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KUALA LUMPUR: Crude palm oil futures for third month delivery climbed to a high of RM3,330 as investors assessed lower import levies in top buyer India and dwindling Malaysian exports of the tropical oil.
KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Tuesday, tracking a sharp drop in Dalian oil prices, while fears of new restrictions in Europe to contain a spike in COVID-19 cases also hit sentiment.
KUALA LUMPUR: After a sharp slowdown in the first quarter due to the Covid-19 lockdown imposed by countries across the globe, the palm oil industry has turned more optimistic.
KUALA LUMPUR: Malaysia’s March palm oil inventories rose 1.67% from February as an unexpected jump in production exceeded an increase in exports, official data showed on Friday, but demand is set to slow in the face of global coronavirus-led lockdowns.
KUALA LUMPUR: Malaysia's palm oil stocks rose 1.67% in March from the previous month to 1.73 million tonnes, industry regulator the Malaysian Palm Oil Board (MPOB) said on Friday.
KUALA LUMPUR: Malaysian palm oil futures rose, tracking higher edible oil prices and a weaker ringgit, but demand concerns capped gains as top buyer India has imposed a national lockdown due to the coronavirus pandemic.
KUALA LUMPUR: Malaysian palm oil futures rose on Monday, tracking higher edible oil prices and a weaker ringgit, but demand concerns capped gains as top buyer India has imposed a national lockdown due to the coronavirus pandemic.
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.
KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Thursday, pressured by losses in related edible oils and concerns that top buyer India may increase import taxes
SINGAPORE: Malaysian palm oil futures fell for a seventh consecutive session on Thursday to a three-month low, as concerns over slowing demand and rising production dragged down the market.