at this stage no privatize , still restructuring going on. New CEO plus team coming in board very good and experiences people. Price up just the beginning. Must protect Felda settlers . WHAT is IPO price again ? Near IPO price ..... privatize ok .... but who will take it privatize ? Got money to buy all the shares ?
Palm hits 5-mth top on weaker ringgit, stronger soyoil
January 23, 2019 22:12 pm +08
-A+A KUALA LUMPUR (Jan 23): Malaysian palm oil futures reversed earlier losses to rise to their highest in nearly five months on Wednesday evening, charting a fourth day of gains, on a weaker ringgit and tracking gains in U.S. soyoil on the Chicago Board of Trade.
The market had earlier declined on overnight weakness in crude oil prices and profit booking by investors.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 0.9% to 2,283 ringgit (US$552.12) a tonne at the close of trade.
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It earlier rose as much as 1.1% to 2,288 ringgit, its strongest levels since Sept 6.
Trading volumes stood at 33,984 lots of 25 tonnes each at the end of the trading day.
"Strong externals and the weaker ringgit were supportive of the market," said a Kuala Lumpur based futures trader, referring to CBOT soyoil.
The ringgit, palm's traded currency, weakened as much as 0.2% against the dollar on Wednesday, making it cheaper for foreign buyers. The ringgit was last down 0.1% at 4.1350.
Although the market was earlier down, another futures trader had said it could firm up as palm oil export data so far showed rising demand.
Malaysian palm oil shipments during Jan 1-20 rose in the range of 9%-13% from a month earlier, according to cargo surveyors Intertek Testing Services, AmSpec Agri Malaysia and Societe Generale de Surveillance.
In related oils, the Chicago March soybean oil contract rose 0.6% on Wednesday, while the May soybean oil contract on the Dalian Commodity Exchange was slightly up 0.04%.
Meanwhile, the Dalian January palm oil contract gained 0.3%.
Palm oil prices are impacted by movements in soyoil rates, as they compete for a share in the global vegetable oil market.
Palm, soy and crude oil prices at 1108 GMT:
Contract Month Last Change Low High Volume MY PALM OIL FEB9 2191 +28.00 2147 2194 372 MY PALM OIL MAR9 2251 +28.00 2210 2255 6804 MY PALM OIL APR9 2281 +20.00 2250 2288 15437 CHINA PALM OLEIN MAY9 4748 +12.00 4726 4784 412114 CHINA SOYOIL MAY9 5674 +2.00 5636 5714 390900 CBOT SOY OIL MAR9 29.24 +0.18 29.09 29.3 6746 INDIA PALM OIL JAN9 555.00 -2.30 554.70 558.5 458 INDIA SOYOIL FEB9 762.1 -5.05 762.1 772 11370 NYMEX CRUDE MAR9 53.46 +0.45 52.69 53.64 150140
Palm oil prices in Malaysian ringgit per tonne CBOT soy oil in U.S. cents per pound Dalian soy oil and RBD palm olein in Chinese yuan per tonne India soy oil in Indian rupee per 10 kg Crude in U.S. dollars per barrel
" Malaysia could curb French purchases if palm oil use restricted" by TDM. That is right not always we are on the passive side and follow whatever rules (eg.deforestation and RSPO) they said. Is stupid people just to follow their rules detrimental to our livelihood.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
azta12
5,594 posts
Posted by azta12 > 2019-01-23 16:13 | Report Abuse
hihihi tongkarat// jet fuel dah pakai.