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Palm oil facing headwinds from the West

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BusinessLine The palm oil sector is currently facing a double whammy — softening prices in the wake of rising production and inventory, and concerted attack from West-based environmentalists for large-scale deforestation. Recently, the European Commission (EC)... More »

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Palm oil futures may test support levels, rise

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BusinessLine Malaysian palm oil futures ended lower on Monday, tracking weakness in other markets. Lower exports and higher production expectation weighed on prices. The benchmark third-month November contract moved lower again failing to capitalise on recent ... More »

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Palm oil futures will consolidate, rise

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BusinessLine Malaysian palm oil futures edged up on Monday evening tracking strength in related edible oils and charting a second straight session of gains. Rising production and stocks continue to weigh on market sentiment. Exports of Malaysian palm oil produ... More »

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Malaysian palm oil futures hit by weak demand

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BusinessLine Malaysian palm oil futures ended higher on Monday, helped by bargain-hunting after prices fell following weak export demand and losses in Soy complex. Malaysia resumed export taxes on crude palm oil in May, after suspending it for four months at t... More »

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Palm oil futures will test supports, rise

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BusinessLine Malaysian palm oil futures ended higher on Monday, but hit a two-week low on the back of a stronger ringgit. A stronger ringgit typically makes physical prices more expensive for overseas buyers and has a bearing on end stocks. Exports of Malaysia... More »

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Palm oil futures test key resistance levels

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BusinessLine January 8, 2018:   Malaysian palm oil futures ended sharply higher on Monday to rise over 1 per cent in the second session, as market participants forecast improving demand in January and lower production in the coming months. CPO active month Mar... More »

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Palm oil will test supports, rise

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BusinessLine Malaysian palm oil futures fell on Monday, after rebounding from the multi-month lows made last Friday and recording its biggest daily gains in nearly five months. Seasonally falling output and upcoming Chinese new year demand is expected to put a... More »

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Palm oil futures tests support, rises

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BusinessLine December 11, 2017:   Malaysian palm oil futures on Monday slid to fresh lows, hitting their weakest in five-and-a-half months, as traders were cautious ahead of official data from the Malaysian Palm Oil Board on Tuesday. CPO active month February ... More »

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Palm oil will test support levels, rise

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BusinessLine Malaysian palm oil futures on Monday fell to a four-month low tracking softer edible oils on the Chicago Board of Trade and China’s Dalian Commodity Exchange. CPO active month February futures are correcting lower as expected. As mentioned earlier... More »

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Palm oil will test supports, rise

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BusinessLine November 13, 2017:   Malaysian palm oil futures ended lower on Monday in line with the weakness in soya oil due to oversupply. CBOT soya oil witnessed a third session of decline following a US Department of Agriculture crop report released last we... More »

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Palm oil futures to test support levels, rise

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BusinessLine November 6, 2017:   Malaysian palm oil futures slid for the third consecutive day as sentiment turned bearish over expectations of rising production and end-stock levels. Malaysian palm oil output is seen rising to a two-year peak in October, lift... More »

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Palm oil futures will test support, rise

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BusinessLine Malaysian palm oil futures ended higher on the Bursa Malaysia Derivatives to their strongest in a month and a half, tracking gains in soya on the Chicago Board of Trade. A stronger export outlook and weaker-than-expected production growth were oth... More »