말레이시아 열대성 인사이트

Malaysian palm oil futures closed higher on Friday, supported by a weaker ringgit and the U.S. decision to reduce tariffs on goods from Malaysia, though the contract still logged a second straight weekly decline. The benchmark palm oil contract FCPO1! for October delivery on the Bursa Malaysia Derivatives Exchange gained 15 ringgit, or 0.35%, to 4,245 ringgit ($992.98) a metric ton at the close. A rebound in South American soyoil and a weaker ringgit helped prices recover from the early setback, while the reduction of U.S. tariffs on Malaysian goods to 19% from 25%, removed some bearishness from the market, said Anilkumar Bagani, research head at Sunvin Group. Meanwhile, Paramalingam Supramaniam, director at brokerage Pelindung Bestari said the market is awaiting production and export data for July, and once these figures are released, there should be a clearer picture of market direction. “As far as Malaysia is concerned, we are seeing better-than-expected production in July. ...

Malaysian palm oil futures snapped two straight sessions of gains on Thursday, as weak rival edible oils weighed on prices, while concerns over rising production and sluggish export demand added further pressure. The benchmark palm oil contract FCPO1! for October delivery on the Bursa Malaysia Derivatives Exchange slid 48 ringgit, or 1.12%, to 4,230 ringgit ($992.96) a metric ton at the close. Crude palm oil futures traded lower, tracking weakness in the Chicago soybean oil and Dalian palm olein market during Asian hours, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd. “The persistent concern over rising output and weak export also added pressure on the market,” he said. Cargo surveyors estimated that July palm oil exports fell between 6.7% and 9.6% . Dalian’s most-active soyoil contract (DBYcv1) fell 0.63%, while its palm oil contract CPO1! lost 0.8%. Soyoil prices on the Chicago Board of Trade ZL1! were down 0.98%. Palm oil tracks price ...

Malaysian palm oil futures ticked up on Wednesday for a second straight session, supported by gains in rival Dalian oils and a weaker ringgit, which boosted the commodity’s appeal in key export markets. The benchmark palm oil contract FCPO1! for October delivery on the Bursa Malaysia Derivatives Exchange gained 23 ringgit, or 0.54%, to 4,277 ringgit ($1,009.92) a metric ton at the close. Crude palm oil futures traded higher, driven by bullish signals, including the overnight surge in Chicago soyoil and energy futures and strong Chinese vegetable oil futures during Asian hours, said Anilkumar Bagani, research head at Sunvin Group. “The weakening ringgit also enhanced export competitiveness for ringgit-denominated CPO contracts,” he added. However, Bagani said China’s increased exports of competitively priced soybean oil to India pose a substitution risk, which could weigh on regional palm oil demand. Indian importers bought a record 150,000 metric tons of soyoil from China in rare ...