Lower purchases by India could cap a rally in benchmark Malaysian palm oil futures. India’s palm oil imports plunged to their lowest level in nine months in February, as higher prices prompted buyers to reduce purchases of the tropical oil in favor of rival sunflower oil, according to a leading trade body. Lower purchases by …
Continue reading “India s Palm Oil Imports Plunge as Demand for Sunflower Oil Jumps”
Indonesia to Fine Palm Oil Companies$411Million for Operating In Forests Indonesia said in November it had identified some 200,000ha of oil palm plantations in areas designated as forests. Indonesia said on Dec 22 that it would slap palm oil companies operating within forest areas with fines amounting to a total of 4.8 trillion rupiah (S$411 …
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Malaysia +18.12%Pen M’sia +24.68%East M’sia +7.80%Sabah +6.85%Sarawak +9.70%
Malaysia Palm:Jun 867.5$+0Jul 870$+2.5Jas 870+2.5
Midday Market CloseBmd : Aug 3915 (+21)H 3932 / L 3886Vol : 24,286 OlnJun 867.5 vs 860Jul 870/67.5 vsJas 870/67.5 vs 862.5Ond 877.5/75 vs 870Jfm 892.5 vs 885Amj 902.5 vs Rbdpo: -5 Strn: Jun 882.5 (deld)Pfad: Jun 817.5 (deld) Local Cpo: Jun 3940 Laurics: Jun 288 (pk) / 288 (pg)Rbdpko: Jun 1145Rbdpkoln: Jun 1075Rbdpks : …
Continue reading “Malaysia PalmOil Fob Prices @ Midday Close”
INR 83.25-0.03EUR 1.08077POUND 1.26894JPY 157.093CHF 0.91527AUD 0.6594CNY 7.2453Gold 2330.54Silver 30.217BRENT CRUDE 81.38DOLLEX 105.10653M USD SOFR 5.335896M USD SOFR 5.30081Y USD SOFR 5.16692Range for the day: 83.15 – 83.40The rupee is expected to witness a muted trade as dollar rises to it’s highest weekly gain in a month and a half tracking signs of reversal in …
Conditions are favorable for further advance of Southwest Monsoon over some more parts of south Bay of Bengal, remaining parts of Andaman & Nicobar Islands, Andaman Sea and some parts of east central Bay of Bengal during next 2 days, says IMD Thursday.