Browsing Tag

Palm

Palm edges lower on lacklustre Malaysian export data

December 16, 2014 Reuters- Malaysian palm oil futures fell for a second day on Monday, as a modest rise in Malaysian palm oil export figures in the first half of December and weakness in the ringgit were offset by weakness in crude oil prices. The benchmark February contract on the Bursa Malaysia Derivatives Exchange closed 0.14 percent lower at 2,163 ringgit ($619) per tonne, the contract's second day of declines after it slipped 1.1 percent on Friday. -- Exports up 2.9 pct in first…

Palm snaps four days of gains as investors bank profits

May 17, 2014 Malaysian palm oil futures snapped a four-day gaining streak on Friday as investors booked profits ahead of the weekend, although optimism that festival-driven consumption will bolster exports of the vegetable oil capped losses. The benchmark August contract on the Bursa Malaysia Derivatives Exchange fell 1.3 percent to 2,580 ringgit ($800) per tonne by Friday's close, with prices trading between 2,573-2,608 ringgit. Total traded volume stood at 30,881 lots of 25 tonnes,…

Palm oil import dips by $124.564 million

October 27, 2013 The country's import of palm oil fell by dollars 124.564 million (29.4 percent) during the July-September period of current fiscal year, according to official figures. The country' import of palm oil declined to dollars 461.449 million during the July-September period of the last fiscal year from the commodity's import of dollars 586.013 million in the same period last fiscal year, showing a fall of dollars 124.564 million (20.4 percent), says Pakistan Bureau of…

Palm oil lower October 25, 2013

October 25, 2013 Malaysian palm oil futures ended lower on Thursday, snapping four days of gains as investors booked profits from prices that hit near two-month highs in the previous session. A stronger ringgit also curbed overseas buying interest, but optimism that stocks in Malaysia, the world's second-largest producer, might remain below the 2-million-tonne mark this year capped losses. Prices are still not far off Wednesday's top of 2,485 ringgit - the highest level since August 28.…

Palm oil lower October 15, 2013

October 15, 2013 Malaysian palm oil futures edged down in tight trade on Monday on renewed worries that a seasonal rise in output in the world's second-largest producer could overwhelm demand in the next three months. Production of the tropical oil in Malaysia rose a smaller-than-expected 10 percent in September, as output in the Borneo region lagged behind yields in Peninsular Malaysia. Inventories rose to 1.78 million tonnes at end-September, below expectations of 1.91 million tonnes.…

Indonesia’s palm oil output to rise five percent

October 01, 2013 Indonesia's palm oil production may rise by only 5 percent to 26.7 million tonnes this year due to wet weather conditions, the chairman of an industry body in the world's top producer said on Monday, slightly lower than a previous estimate. Crude palm oil (CPO) output in Indonesia was 25.5 million tonnes last year, Derom Bangun, chairman of Indonesian Palm Oil Board told reporters, and this will rise to between 26.7 and 27 million tonnes for 2013. "Indonesia's CPO…

PHDEC to promote date palm cultivation in Punjab

November 20, 2012 Pakistan Horticulture Development and Export Company (PHDEC) is looking forward to boost the horticulture sector of Pakistan and will go for serious measures to increase the export of fresh and dried dates. This was stated by Assistant Manager, Supply Chain, PHDEC Omar Hafeez while speaking at a one-day seminar on date palm cultivation in Punjab at Ayub Agriculture Research Institute (AARI), Faisalabad. According to a spokesperson of the company, Omer further added…

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