Tuesday, March 31, 2009

Asia Crude Palm Oil Ends Up On Export Recovery, Short Covering

Crude palm oil futures on Malaysia's derivatives exchange rose 1.5% in rangebound trade Tuesday as investors covered shorts on a recovery in exports and spillover support from soybean oil.

Read also in category "Palm market news":

The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, supplied by commodity broker Matthes & Porton Bhd.

Malaysia's palm oil exports rise on higher purchases by EU, US, data from cargo surveyors show.

Malaysia cash palm oil higher amid limited supply.

Indonesia's PT Astra Agro Lestari Tuesday said in a statement it sold 8,000 metric tons of crude palm oil offered in an auction.

Indonesia's PT Perkebunan Nusantara Tuesday said in a statement it sold 4,000 metric tons of crude palm oil offered in a government auction.

Following are Indonesian physical palm oil prices quoted by traders in rupiah a kilogram.

Malaysia's palm oil exports rose 5.4% on month in March to 1.22 million metric tons, cargo surveyor, SGS (Malaysia) Bhd., said Tuesday.

Malaysia's March palm oil exports fell 0.5% from the previous month to 1.16 million metric tons, cargo surveyor Intertek Agri Services said Tuesday.

Read more on Palmoil.com homepage

The option of receiving e-mail notification can be easily subscribed or unsubscribed by Registered Users through updating "My Account" section after login. You can choose categories on which you want to receive alerts.

http://www.palmoil.com

No comments:

Post a Comment

IMPORTANT NEWS FOR RECENT IPO IN BANGLADESH SHARE MARKET




Presently Available IPO Form of Emerald Oil, Matin Spinnings






For support please mail me or post a comment here in related topics.


For Watching Live Cricket Please visit "Share Your Ideas"