SINGAPORE, Oct 17 (Reuters) - Malaysian palm oil futures rose on Tuesday to a near three-week high on stronger exports and Chinese demand, although easing crude oil prices capped gains.

The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange rose 19 ringgit, or 0.5%, to 3,799 ringgit ($802.83) a metric ton at midday trade, on course for a fourth consecutive session of gains.
Exports of Malaysian palm oil products for Oct. 1-Oct. 15 rose 5.6% from Sept. 1-Sept. 15, independent inspection company AmSpec Agri Malaysia said on Sunday.

Another cargo surveyor Intertek Testing Services said that exports rose 7.3%.

Malaysia has maintained its November export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

Major importer China's active purchasing for reserve restocking has also contributed to price increases, said Mitesh Saiya, trading manager for Kantilal Laxmichand & Company Mumbai.

However, there is a note of caution as the winter season approaches as palm oil consumption is expected to decrease, he said. Palm oil crystalises and turns cloudy in the cold, which affects the perception of oil quality and consumption.
Dalian's most-active soyoil contract DBYcv1 rose 0.6%, while its palm oil contract DCPcv1 was up 0.1%. Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.3%.

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Further underpinning prices, Southern Peninsular Palm Oil Millers Association data showed production in the first half of October fell by 0.73% month-on-month, LSEG Agriculture Research said in a note late Monday.

Oil prices fell slightly on Tuesday after a more than $1 slide on Monday amid hopes the United States would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent an escalation of the Middle East violence. O/R

Weaker crude makes palm a less attractive option for biodiesel feedstock.

oil and gas business currently are very lucrative and so they are willing to do pp to venture more into that business I think..

this company also had a consistent dividend payout pattern before the Covid-19 era. High probability that they'll resume their dividend distributions in this post-pandemic phase. Stay tuned, folks

Ya....wait for budget 2024 later and see if got good news for cybersecurity industry or not

Since Johor theme is goreng quite hot lately, AHB might ride with the wave as well because Johor princess Tunku Kamariah is AHB chairman

https://www.nst.com.my/business/2023/05/910133/johor-princess-tunku-kamariah-ahb-chairman

Ping Petroleum (Oil) & Silterra (Tech)

Nice closing price price for AHB today. Let's see can break 0.155 tmr or not

Kenanga increases LGMS's tp to RM1.32

https://klse.i3investor.com/web/pricetarget/research/68806

Trading volume is huge today. Sensing something is brewing 🤓

Lol. How to calculate it? 😂

The charging station will become prevalent in Malaysia, so the usage of EV vans will also increase

Silterra is its strong catalyst

It will shoot up if the good news like obtaining new customers for EV business is announced

Its turnovers were still good btw

We all wish that, J2911😆 But usually the momentum of markets slows down on Friday

Which is that toxic cybersecurity company?

Breaking 15 cents alrdy, now waiting for AHB to hit 52 w high

Its Ping Petroleum will contribute more income for Dnex in q2 then

Patience is the key to gain good capital appreciation from AHB 😉

Don't worry, FED rate will slowly come down instead of going up in 2024

https://www.cnbc.com/select/when-will-interest-rates-come-down/#:~:text=%E2%80%9CAll%20FOMC%20members%20believe%20that,at%20Graphs%20and%20Laughs%20agrees.

For one-month chart reading, AHB is rebounding from the bottom price

Any updates on Silterra's case?

Once it breaks 1 month high, AHB will hit 17 cents and higher based on the MACD indicator

Naysayers' behavior - tembak when down; hide like a turtle when up

It's a good expansion for AHB into the property development business and the EV business as well

Dnt be a crybaby if you missed Hapseng at 3.30 or 3,40 there, fruitcake. ha

Good news will be served. Happy Merdeka, folks! 🎉

TP some at 4.18 this morning. Yummy 😋 Happy Merdeka, folks!

I guess they might announce the good news about acquiring new customers for its EV business 😊

Breaking Rm4 !!! never underestimate the power of rebound

It's a good sign then. Market will reevaluate this company's growth potential and increase its target price

Congratz for people who had entered at Rm3.3x . Now can enjoy 💰💰

Give it time to perform...It's still a transition period for AHB

Good catch at Rm3.3x there for investors 😊

It will shoot up even higher when good QR is presented

You're in wrong counter This is Hap Seng, ain't Hup Seng the biscuit

Got people accumulate @ 14 cents today. Got a feeling that it will breakout when QR is out

See. It rebounds today. Ha

May be AHB is going to announce splendid Q3 result. That's the good news, ha

Won't worry much if hold this counter for mid-long terms

Nice, AHB starts moving up today. Good news is coming ~

Strong momentum today. I guess good Q2 result can be anticipated

Looks like their management is working hard to increase the source of income

Wonder they will give any update on Siltera case when they announce qr this month ..

Currently it's a blue ocean for electric van business in Malaysia. Transparent earnings will be presented by the business eventually

Q4 out already?

That's right, Hatiharihari. Better grab some before it breaks 14 cents in due course

Dnex is powerless to move up unless got update regarding that MOU like MiddleAge said...

Can say it's a good choice to grab at current price as AHB might break out if good QR is released within this month

Very nice, breaking Rm3.30 b4 QR is out