Malaysia PalmOil Fob Prices @ Midday Close

Midday Market CloseBmd : Aug 3820 (-35)H 3870 / L 3815Vol : 30,093 OlnJun 857.5 vsJas 852.5 vs 847.5Ond 860 vs 855Jfm 877.5 vs 870 Rbdpo: -5 Strn: Jun 885 (deld)Pfad: Jun 815 (deld) Local Cpo: May 3890 Laurics: Jun 289 (pk) / 290 (pg)Rbdpko: Jun 1140Rbdpkoln: Jun 1080Rbdpks : Jun 1280 Sbo :Jul 4361 …

INR OPEN @ 9AM

INR 83.46-0.04EUR 1.0887POUND 1.2690JPY 153.93CHF 0.9001AUD 0.6695CNY 7.21Gold 2389.24Silver 29.582BRENT CRUDE 83.12DOLLEX 104.17413M USD SOFR 5.329336M USD SOFR 5.295731Y USD SOFR 5.1564Range for the day: 83.30 – 83.55The domestic currency opens marginally stronger and trade with an appreciative bias owing to a weaker dollar amidst the release of softer US economic data. The US inflation …

Vegoils commentary: CPO, soyoil bounce back following Tuesday’s slump Crude palm oil (CPO) futures recovered from the previous day’s losses to close higher on Wednesday May 15, propped up by firmer related vegoils and bargain buying. The most active three-month CPO futures contract for July-delivery on the Bursa Malaysia Exchange closed 1.02% higher at 3,854 …

Indonesia aims to replace all $20 bil/year of diesel oil imports with biofuel

Indonesia’s president-elect Prabowo Subianto, who will assume office in October, has placed the country’s food and energy security at the top of his priority list, including replacing all $20 billion of the country’s annual diesel oil imports with biodiesel made from palm oil. “We want to go green in a very quick way,” Prabowo told …