Wednesday, April 29, 2009

Palm Oil : Latest News

Asian Crude Palm Oil Ends Up; Apr Exports May Touch 1.2M Tons


Crude palm oil futures on Malaysia's derivatives exchange ended higher Wednesday in volatile trade, recovering from intraday losses on expectations of steady exports this month of almost 1.20 million metric tons.


Read also in category "Palm market news":

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

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

BMD CPO futures up on likely steady exports; traders expect Malaysia's palm oil exports may touch almost 1.20 million tons in April, little changed on month

Malaysia's palm oil exports in April are likely to be around 1.195 million tons, close to month-ago levels, trading and shipping executives said Wednesday.

Indonesia's PT Astra Agro Lestari Wednesday said in a statement it sold 1,000 metric tons of crude palm oil offered in an auction.

Indonesia's PT Perkebunan Nusantara Wednesday said in a statement it sold 2,500 metric tons of crude palm oil offered in a government auction.

Swine flu could be positive for palm oil prices in medium term, says UOB KayHian.

Malaysia's cash palm oil prices fall on lack of buying interest.

Despite traders putting yesterday's drop in crude palm oil (CPO) futures down to worries of impact in swine flu on demand for feed grains and oil seeds, RBS says swine flu may actually boost palm oil prices.

BMD CPO futures trading sideways; open higher, then move into negative territory as investors liquidate positions, expecting increase in oil palm harvesting this week on fair weather.

Isolated rains, thunderstorms likely amid fair weather this week, says spokesperson in Malaysian Meteorological Department.

The oil palm growing regions of southeast Asia will likely see mostly dry weather this week, according to Chicago-based meteorologist Mike Tannura.


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Friday, April 24, 2009

Palm Oil : Latest News

CBOT Soy Review: Up On Outside Markets, Fundamentals Support

Soybean futures on the Chicago Board of Trade ended higher Friday, finding support from outside markets and underlying demand fundamentals.
MARKET TALK: CBOT Soy Pdts Finish Up; Climb With Beans

CBOT soy product futures ended higher Friday, climbing in unison with advances in soybeans.
MARKET TALK: CBOT Soy Ends Higher On Fundamental Strength

CBOT soybean futures ended higher, finding support from outside markets and underlying demand fundamentals.
MARKET TALK: Brazil's Soy Trade Slows On Unfavorable Forex

Brazil's soybeans trade has tapered off Friday due to unfavorable forex conditions, says a trader at a major U.S. exporter.
MARKET TALK: CBOT Soy Sustains Strength As Outsides Buoy

CBOT soy futures sustain strength, supported by outside markets and bullish fundamentals.
MARKET TALK: CBOT Soy Hold Firm; Fundamentals, Outsides

CBOT soybean futures are holding firm, finding stability after a choppy start. Overall activity is subdued, but futures remain underpinned by bullish demand fundamentals, and supportive outside market influences, analysts say.
European Veg Oil PM Soft Oil Prices - Apr 24 at 1745 local time

Lowest known offers at 1745 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders:
MARKET TALK: CBOT Soy Turns Higher After Choppy Start

CBOT soybean futures are posting modest gains after a choppy start that saw prices test both sides of unchanged levels.
US Cash Grain Outlook: Corn, Wheat Prices Hit 1- To 2-Week Highs

Climbing corn and wheat prices had reached one- to two-week highs on the U.S. cash market Friday, bolstered by slack farmer selling, improved export sales, and growing concern about spring planting delays that threaten to extend into May.

CBOT Soy Outlook: Down 1-3c; Consolidating Into Weekend

Chicago Board of Trade soybean futures are expected to start Friday's day session with modest declines as the market consolidates heading into the weekend.
MARKET TALK: Canadian Soybean Area To Rise In 2009, Canola Dn

Oilseed data from Statistics Canada was mixed, with soybean acreage seen increasing but canola area seen falling.
USDA Says 120,000 Tons Of Soybeans Sold To Unknown In 09-10

The U.S. Department of Agriculture on Friday announced private export sales of 120,000 metric tons of soybeans for delivery to unknown destinations in the 2009-10 marketing year.

Brazil Soy Export Premiums And Discounts - Apr 23

Premiums and discounts for soybeans at Paranagua port, Brazil, against Chicago Board of Trade quotes.
Argentina Port Trade-Weighted Grain, Oilseed FOB - Apr 23

Free-on-board prices in U.S. dollars per metric ton.
MARKET TALK: CBOT Grain, Soy Consolidate Overnight

CBOT grain and soybean futures were steady to lower in overnight action.
India Soyoil Prices Fall On Expectations Of Higher Imports

Indian soyoil prices fell during the week ended Friday on expectations of higher imports, but palm oil prices moved up tracking firm overseas markets, traders said.
MARKET TALK: India Soybean Futures Down 1.3% On Profit-Taking

India May soybean contract provisionally ends down 1.3% at INR2,765/100 kg, falling from INR2,800 intraday high on profit-booking, high arrivals in local markets.
European Veg Oil AM Soft Oil Prices - Apr 24 at 1315 local time

Lowest known offers at 1315 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders:
Technical Analysis: US Soy Complex Futures - Apr 24

July soybeans on Thursday closed lower, nearer the session low and scored a bearish "outside day" down on the daily bar chart.
China Soybean Imports In Both Apr,May To Top 3M Tons - Ministry

China will likely import 3.83 million metric tons of soybeans in April and 3.18 million tons in May, according to an initial government estimate issued today.
China Soybean Futures Settle Down; Govt Warns Of High Imports

Soybean futures traded on China's Dalian Commodity Exchange settled lower Friday, following an alert issued by the government on excessive imports.
MARKET TALK: India Soybean Futures Likely Down On Overseas Cues

India May NCDEX soybean contract likely to open down, tracking weak overseas markets and on some profit-taking, says Angel Commodities analyst Badruddin Khan.



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Wednesday, April 15, 2009

Asia Crude Palm Oil Down; Trade Volatile On Conflicting Cues

Asia Crude Palm Oil Down; Trade Volatile On Conflicting Cues

Crude palm oil futures on Malaysia's derivatives exchange fell Wednesday in volatile trade that saw prices swing between positive and negative territory, said trade participants.

Read also in category "Palm market news":

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

BMD CPO futures up and down as volatile trade continues in second trading session on conflicting export data, traders say.

Malaysia's palm oil exports during April 1-15 fell 1.6% to 582,823 metric tons from the same period a month earlier, cargo surveyor SGS (Malaysia) Bhd. said Wednesday.

Malaysia's palm oil exports higher on more shipments to EU, India, Middle East.

India's state-run PEC Ltd. issued a tender to import 12,000 metric tons of crude palm oil for delivery in May, the company said.

Malaysia's palm oil exports rose 3.7% on month during the April 1-15 period to 613,677 metric tons, cargo surveyor Intertek Agri Services said Wednesday.

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Tuesday, April 14, 2009

Wednesday, April 8, 2009

Asian Crude Palm Oil Ends Higher On Lower Inventories

Crude palm oil futures on Malaysia's derivatives exchange ended higher Tuesday, rising above MYR2,200 a metric ton for the first time in more than six months after the government said there was a further drawdown in inventories in March.

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 cash palm oil prices higher, tracking gains in BMD CPO futures and tight supply.

Indonesia's PT Astra Agro Lestari (AALI.JK) Tuesday said in a statement it sold 6,500 metric tons of crude palm oil offered in an auction.

BMD CPO futures higher on fresh buying support after government says palm oil inventories were drawn down to around 1.5 million tons last month.

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

Indonesia's PT Perkebunan Nusantara said Tuesday it sold 12,000 metric tons of crude palm oil offered in a government auction.

BMD CPO futures up on falling stocks, say traders.

BMD CPO futures up; market sentiment bullish on tight supplies but potential for price downturn creeping in, say traders.

Malaysia will provide assistance to palm oil mills to set up facilities to control methane-gas emission, but won't make it mandatory for them to comply, Peter Chin, the country's minister for plantation and commodities, said Tuesday.

Malaysia's end-March palm oil inventories were likely down at around 1.5 million metric tons as the oil palm replanting program gathered pace, Minister for Plantation Industries and Commodities Peter Chin said Tuesday.

Crude palm oil prices, currently around MYR2,200 a metric ton, are "reasonable comfortable" for producers and global demand is "very stable," Azhar Abdul Hamid, managing director of Sime Darby Plantations, said Tuesday.

The following are prices for Malaysian palm oil in the cash market at 0430 GMT Tuesday, supplied by commodity broker Matthes & Porton Bhd.

BMD CPO futures up after initial dip on stronger soyoil futures in after-hours trade, traders say.

Benchmark June CPO futures expected to open MYR20 down tracking weak overnight soyoil futures, say traders.

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Asian Crude Palm Oil Ends Higher On Lower Inventories

Crude palm oil futures on Malaysia's derivatives exchange ended higher Tuesday, rising above MYR2,200 a metric ton for the first time in more than six months after the government said there was a further drawdown in inventories in March.

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 cash palm oil prices higher, tracking gains in BMD CPO futures and tight supply.

Indonesia's PT Astra Agro Lestari (AALI.JK) Tuesday said in a statement it sold 6,500 metric tons of crude palm oil offered in an auction.

BMD CPO futures higher on fresh buying support after government says palm oil inventories were drawn down to around 1.5 million tons last month.

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

Indonesia's PT Perkebunan Nusantara said Tuesday it sold 12,000 metric tons of crude palm oil offered in a government auction.

BMD CPO futures up on falling stocks, say traders.

BMD CPO futures up; market sentiment bullish on tight supplies but potential for price downturn creeping in, say traders.

Malaysia will provide assistance to palm oil mills to set up facilities to control methane-gas emission, but won't make it mandatory for them to comply, Peter Chin, the country's minister for plantation and commodities, said Tuesday.

Malaysia's end-March palm oil inventories were likely down at around 1.5 million metric tons as the oil palm replanting program gathered pace, Minister for Plantation Industries and Commodities Peter Chin said Tuesday.

Crude palm oil prices, currently around MYR2,200 a metric ton, are "reasonable comfortable" for producers and global demand is "very stable," Azhar Abdul Hamid, managing director of Sime Darby Plantations, said Tuesday.

The following are prices for Malaysian palm oil in the cash market at 0430 GMT Tuesday, supplied by commodity broker Matthes & Porton Bhd.

BMD CPO futures up after initial dip on stronger soyoil futures in after-hours trade, traders say.

Benchmark June CPO futures expected to open MYR20 down tracking weak overnight soyoil futures, say traders.

Read more on Palmoil.com homepage

CBOT Soy Review: Soybeans Succumb To Speculative Selling

Speculative selling pressure and losses in equity and other grain markets pressured Chicago Board of Trade soybeans Tuesday, pushing the market into the red.

Read also in category "Soy market news":

US Cash Grain Review: Receipts Retreating In Step With Prices

Interior cash grain movement has largely waned this week, commensurate with a corresponding decline in farm-gate prices.

Soybean ending stocks for 2008-09 are likely to be revised downward Thursday when the U.S. Department of Agriculture issues its April supply and demand report.

Brazil should harvest 58.1 million metric tons of soybeans in the 2008-09 crop year, the National Commodities Supply Corp, or Conab, said Tuesday.

Argentina has suspended tax benefits designed to spur local processing of Paraguayan soybeans for re-export, dealing a heavy blow to its northern neighbor where farmers are struggling with a severe drought.

Lowest known offers at 1745 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders:

Premiums and discounts for soybeans at Paranagua port, Brazil, against Chicago Board of Trade quotes.

Free-on-board prices in U.S. dollars per metric ton.

The agricultural survey group of Brazil's Census Bureau, or the IBGE, on Tuesday put the 2008-09 soy crop at 58.5 million metric tons.

CBOT grain futures were lower overnight on pressure from outside markets, while nearby May soybeans ended unchanged, a floor analyst says.

Brazil should harvest 58.1 million metric tons of soybeans in the 2008-09 crop year, the National Commodities Supply Corp, or Conab, said Tuesday.

China's soybean futures traded on the Dalian Commodity Exchange settled higher Tuesday, tracking strong gains in external markets.

Read more on Palmoil.com homepage

Monday, April 6, 2009

Recent IPO Prospectus : Asia Insurance : Bangladesh Stock Exchange


Asia Crude Palm Oil Ends Dn On Proft-Taking, Long Liquidation

Crude palm oil futures on Malaysia's derivatives exchange ended slightly lower Monday on long liquidation and profit-taking, said trade participants.

Read also in category "Palm market news":

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

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

Indonesia's PT Perkebunan Nusantara Monday said in a statement it sold 1,000 metric tons of crude palm oil offered in a government auction.

Malaysia's cash palm oil prices ease on lack of interest among buyers.

Indonesia's PT Astra Agro Lestari said Monday it sold 2,000 metric tons of crude palm oil offered in an auction.

Indonesia may lower its trigger price for imposing a tax on crude palm oil and its derivatives to ensure adequate domestic supplies and discourage exports, a senior government official said Monday.

BMD CPO futures lower midday, give up early gains on long liquidation, profit-taking, traders say.

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Malaysia's Cash Market Prices For Palm Oil - April 6 at 1000 GMT Monday

KUALA LUMPUR (Dow Jones)--The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday,
supplied by commodity broker Matthes & Porton Bhd.

Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil. CPO prices are in
ringgits a ton. Palm kernel oil prices are in ringgits a pikul, a Malaysian measurement equivalent to 60 kilograms.

Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
April 690.00 +10.00 Unquoted - -
May/June 670.00 +05.00
Jul/Aug/Sep 640.00 -05.00 Unquoted - -

RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 720.00 +10.00 Unquoted - -
May/June 700.00 +05.00
Jul/Aug/Sep 670.00 -05.00 Unquoted - -

RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
April 530.00 +10.00 Unquoted - -

Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
April 410.00 +10.00 Unquoted - -

Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
April 2,280 -20.00 Unquoted - -

Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
April 135 +02.00 Unquoted - -

($1.0=MYR3.5575)

Wednesday, April 1, 2009

Asia Crude Palm Oil Ends At 6-Mo High On Tight Supply, Soyoil

Crude palm oil futures on Malaysia's derivatives exchange ended sharply higher Wednesday, rising as much as 3.5% to a six-month high, on fresh support due to tight supplies of both palm oil and soyoil, said trade participants.

Read also in category "Palm market news":

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

Indonesia's PT Astra Agro Lestari said in a statement it sold 4,500 metric tons of crude palm oil offered in an auction Wednesday.

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

Indonesia's PT Perkebunan Nusantara Wednesday said in a statement it sold 3,500 metric tons of crude palm oil offered in a government auction.

BMD CPO futures higher, sustain above MYR2,000/ton throughout day's trading so far on buying support, strong fundamentals.

BMD CPO futures higher midday on lower inventories, supply of major vegetable oils including both palm oil, soyoil.

BMD CPO futures higher on tight supplies, slowdown in production, traders say.

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