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Above MYR 5,100 liao
Another multi-years High again, higher and higher
Futures u-turn and is now Green
Another multi-years High again, higher and higher
Futures u-turn and is now Green
Malaysian palm oil futures rose to over MYR 5,100 per tonne, reaching their highest level since mid-June 2022, driven by expectations of tight supply amid persistently low production levels, particularly in Indonesia and Malaysia. Palm oil production has stagnated in recent years, primarily due to aging plantations and a moratorium on clearing new land to address deforestation concerns. In 2023, output declined further as droughts associated with El Niñ o worsened the situation. Additionally, Indonesia plans to increase the palm oil blend in biodiesel to 50% by 2028, up from the current 35%, with an interim target of 40% by 2025, further tightening supply. Compounding these issues, limited fertilizer supplies due to the war in Ukraine have increased costs for the two Southeast Asian nations. Meanwhile, the demand remains strong. In India, the world&rsquo s largest buyer, palm oil imports surged 59% mom in October, a three-month top due to strong festive demand after recent low import levels.
They updated the update within an hour
- - - - - Malaysian palm oil futures hovered near MYR 5,000 per tonne, reaching their highest since mid-June 2022, lifted by strength in rival Dalian markets. Contracts are on track for a third straight weekly gain, up over 2.5% so far, as crude oil prices are set to log their first weekly rise in three, amid bets that a Trump-led US presidency could set stricter sanctions on some oil-producing countries. Meantime, top producer Indonesia plans to raise the palm oil blend in biodiesel to 50% by 2028, up from the current 35%, with a jump to 40% in 2025. In India, the world&rsquo s largest buyer, palm oil imports surged 59% mom in October, notching a three-month top due to strong festive demand after recent low import levels. Meanwhile, Reuters projected a fall in Malaysia&rsquo s palm oil stockpiles in Oct. for the first time in three months, driven by lower output. Near-term production is expected to stay weak due to seasonal rains. Capping the advance was caution ahead of price data from key buyer China.
26 minutes ago
- - - - - Malaysian palm oil futures hovered near MYR 5,000 per tonne, reaching their highest since mid-June 2022, lifted by strength in rival Dalian markets. Contracts are on track for a third straight weekly gain, up over 2.5% so far, as crude oil prices are set to log their first weekly rise in three, amid bets that a Trump-led US presidency could set stricter sanctions on some oil-producing countries. Meantime, top producer Indonesia plans to raise the palm oil blend in biodiesel to 50% by 2028, up from the current 35%, with a jump to 40% in 2025. In India, the world&rsquo s largest buyer, palm oil imports surged 59% mom in October, notching a three-month top due to strong festive demand after recent low import levels. Meanwhile, Reuters projected a fall in Malaysia&rsquo s palm oil stockpiles in Oct. for the first time in three months, driven by lower output. Near-term production is expected to stay weak due to seasonal rains. Capping the advance was caution ahead of price data from key buyer China.
26 minutes ago
superstartup ( Date: 08-Nov-2024 11:32) Posted:
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Palm Oil increased to a 28-month high of 5038.00 MYR/T. Over the past 4 weeks, Palm Oil gained 17.57%, and in the last 12 months, it increased 33.53%.
35 minutes ago
35 minutes ago
Nov contract now no trading volume
Looking at Dec, Jan contract. Open Green again. Another multi-years High
But please perform your own DD
Looking at Dec, Jan contract. Open Green again. Another multi-years High
But please perform your own DD
Palm Oil Nov contract up again
Now MYR 5,056
Now MYR 5,056
superstartup ( Date: 07-Nov-2024 11:17) Posted:
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Palm oil not crude oil leh
Nov contract now breached MYR 5,000
Nov contract now breached MYR 5,000
Nov Contract closed at Day High
MYR 4,968
MYR 4,968
superstartup ( Date: 01-Nov-2024 17:07) Posted:
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Contract still going up
superstartup ( Date: 01-Nov-2024 11:58) Posted:
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Finally caught the attention of Big Financial Newsroom
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November 1, 2024 at 12:48 PM GMT+8
Nov contract hits MYR 4,900
At below quoted MYR 4,527, is already at 27-month high
At below quoted MYR 4,527, is already at 27-month high
superstartup ( Date: 24-Oct-2024 14:28) Posted:
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Palm Oil Futures Nov Contract closed at 4,800 MYR
Another multi-years HIGH
Another multi-years HIGH
Futures palm oil now over 4,700 MYR. Up again. (Yesterday read up Insider selling first resources. Maybe he need $ for whatever reason. So now just focus on Bumi instead).
superstartup ( Date: 25-Oct-2024 13:56) Posted:
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Palm Oil futures is now Green
Blocking hard over here
First resources run liao
Shall see how long they block here
Malaysia& rsquo s palm oil surge: What& rsquo s driving prices to biggest highs since 2022?
By Malay Mail
Friday, 25 Oct 2024 9:40 AM MYT
KUALA LUMPUR, Oct 25 & mdash Palm oil prices in Malaysia surged to their highest levels since July 2022, with Bursa Malaysia& rsquo s third-month crude palm oil futures closing at RM4,486 per tonne on Wednesday (October 23).
According to analysis by BMI, this marks a 22.6 per cent increase for the year to date and a 19.5 per cent gain compared to the same period in 2023.
Is time to push Bumitama, time to break 0.80 and go above
superstartup ( Date: 24-Oct-2024 21:46) Posted:
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Palm Oil futures hit MYR 4,684
Today closing over at Malaysia
Multi-Years High
Today closing over at Malaysia
Multi-Years High
superstartup ( Date: 24-Oct-2024 16:03) Posted:
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Over at KLSE, now trading at MYR 4,630 lor. Higher and higher.
superstartup ( Date: 24-Oct-2024 14:28) Posted:
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Palm Oil increased to a 27-month high of 4527.00 MYR/T. Over the past 4 weeks, Palm Oil gained 10.66%, and in the last 12 months, it increased 21.64%.
Price is now " Peak-er" than morning Peak
Over at KLSE now, it is trading at MYR 4,560
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Malaysian palm oil futures surged near 2.0% to above MYR 4,470 per tonne, rallying for the third session and hitting their highest since early April, amid a weaker ringgit and gains in rival oils on the Dalian and CBoT markets. Signs of strong exports also bolstered the market, as cargo surveyors noted Malaysian palm oil shipments rose between 8.7 to 9.5% on Oct. 1-20 from the same period in Sept. Meanwhile, data from the Southern Peninsular Palm Oil Millers showed a 6.3% drop in output for the first 20 days of Oct. from the prior month. In the EU, soybean imports in the 2024-25 season, which began in July, reached 3.73 million metric tons by Oct. 20, up by 7% from the prior year. However, a larger-than-expected build in US stockpiles pressured crude oil prices, tempering the bullish mood. Meanwhile, industry players in Malaysia face higher costs from Nov. due to progressive export duties and labor-related measures, such as minimum wage hikes and increased levies on foreign workers.
Over at KLSE now, it is trading at MYR 4,560
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Malaysian palm oil futures surged near 2.0% to above MYR 4,470 per tonne, rallying for the third session and hitting their highest since early April, amid a weaker ringgit and gains in rival oils on the Dalian and CBoT markets. Signs of strong exports also bolstered the market, as cargo surveyors noted Malaysian palm oil shipments rose between 8.7 to 9.5% on Oct. 1-20 from the same period in Sept. Meanwhile, data from the Southern Peninsular Palm Oil Millers showed a 6.3% drop in output for the first 20 days of Oct. from the prior month. In the EU, soybean imports in the 2024-25 season, which began in July, reached 3.73 million metric tons by Oct. 20, up by 7% from the prior year. However, a larger-than-expected build in US stockpiles pressured crude oil prices, tempering the bullish mood. Meanwhile, industry players in Malaysia face higher costs from Nov. due to progressive export duties and labor-related measures, such as minimum wage hikes and increased levies on foreign workers.