Login ID:
Password:
Partner Login
Contact Us : 7066511911

Malaysia Palm Oil Declines On Better Production Prospect

13 Feb 2017 11:12 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Prospects of improving production in Malaysian pushed down crude palm oil futures to a one week low on Monday.

The most active April futures on the Bursa Malaysia Derivatives Exchange (BMD) dropped 0.8 percent at 3,047 ringgit ($685.18) a tonne at the midday break.

Malaysia palm oil production seen higher by 18% during February 1-10 against same period last month. According to South Peninsula Palm Oil Millers Association. Yields have improved by nearly 20 percent as last year's dry weather due to El-Nino is subsidizing.

Increasing output of the tropical oil, as the effects of the crop-damaging El Nino fade out, could ease palm's benchmark prices, which are trading at a more-than-four-year high now.

In other related edible oils, the March soybean oil contract on the Chicago Board of Trade declined as much as 0.5 percent, while the May soybean oil contract on the Dalian Commodity Exchange climbed as much as 0.3 percent.

The May contract for Dalian palm olein dropped as much as 0.3 percent.

(By Commoditiescontrol Bureau; +91-22-40015516)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
DJ ICE Canada Closed Monday for Victoria Day
DJ USDA Minnesota/North Dakota Daily Oilseed Prices - M...
DJ MGEX Grains Close - May 18
DJ CBOT Grains/Oilseeds Settlements - May 18
DJ CBOT Soyoil/Soymeal Close - May 18
more
Top 5 News
Imported Pulses Close Flat At Mumbai On Limited Activit...
Tur, Masoor Down At Delhi On Subdued Demand
DJ Health Care Roundup: Market Talk
India Daily Cotton Arrivals At 0.45 Lakh Bales On May 1...
Burma Urad Flat At Chennai
Top 5 Special Reports
Weekly Review: Low Level Buying May Support Coriander P...
Weekly Review: Improvement Likely In Jeera Prices
Weekly Review: Low Arrival May Keep Red Chilli Prices B...
Weekly: Tur/Chana Down In Pulses Complex This Week
Weekly Review: Recovery Likely In Turmeric On Low Level...
Copyright © CC Commodity Info Services LLP. All rights reserved.