Crude Palm Oil Dropped On Profit Booking After Prices Gained

CPO trading range for the day is 767.2-827.8.

Crude palm oil dropped on profit booking after prices gained on expectations of higher imports from India following a tax cut.

India reduced its import taxes on crude and refined palm oil from Southeast Asian countries, a move that is expected to lead to higher imports

The duty on crude palm oil was lowered to 37.5% from 40%, while a tax on the refined variety was cut to 45% from 50%.

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CPO Trading Range For The Day Is 715.9-743.7

CPO trading range for the day is 715.9-743.7.

Crude palm oil prices rallied tracking firmness in Malaysian palm oil prices on fears that supply is set to fall sharply.

According to reports, Malaysian palm oil production would show a 10% monthly fall in November.

According to Indonesia trade ministry, Indonesia kept Dec crude palm oil export duty unchanged at zero.

Crude palm oil prices in the spot market gained by 5.50 rupees and settled at 731.40 rupees.

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Crude Palm Oil Ended With Losses On Profit Booking After Prices Gained

CPO trading range for the day is 631.2-654.8.

Crude palm oil ended with losses on profit booking after prices gained as the Malaysia’s output in October unexpectedly dropped.

The Malaysian Palm Oil Board announced on Monday that stockpiles and production in October unexpectedly dropped.

Stockpiles stood at 2.3 million tonnes at the end of October, down 4.1% from the previous month.

Crude palm oil prices in the spot market dropped by 0.80 rupees and settled at 637.50 rupees.

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CPO Trading Range For The Day Is 550.3-561.3

CPO trading range for the day is 550.3-561.3.

Crude palm oil dropped on short covering after prices gained due to higher tariff value and reports of possible increase in import duty.

According to SEA, palm oil exports up by 47.7% on year in July at 8.13 lt in July while overall palm oil imports are up by 13% on year.

Indonesia's palm oil production and exports in July are likely to shrink from a month earlier.

Crude palm oil prices in the spot market gained by 2.30 rupees and settled at 557.50 rupees.

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CPO Settled Up On Short Covering After Prices Dropped On Anticipation

CPO trading range for the day is 520.2-533.8.

CPO settled up on short covering after prices dropped on anticipation of addition to falling export prospects for Malaysian palm oil.

India's refined palm oil imports seen rising to record - SEA

Malaysia's July palm oil exports seen at 1,379,850 tonnes versus June at 1,357,614 tonnes Crude palm oil prices in the spot market gained by 3.00 rupees and settled at 523.10 rupees.

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Crude Palm Oil Ended With Gains Tracking Good Physical Demand

CPO trading range for the day is 497.5-501.9.

Crude palm oil ended with gains tracking good physical demand and report of lower stock levels on port.

Import of Crude palm oil higher by 38.2% on year at 4.21 lt in June while import of RBD Palmolein up by about 44% to 2.56 lt.

Indonesia exported 2.03 million tonnes of palm and palm kernel oils in April and 2.40 million tonnes in May, the Indonesia Palm Oil Association said.

Crude palm oil prices in the spot market dropped by 1.30 rupees and settled at 492.50 rupees.

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Crude Palm Oil Dropped Amid Profit Booking Tracking Weakness In Spot Demand

CPO trading range for the day is 493.7-505.3.

Crude palm oil dropped amid profit booking tracking weakness in spot demand and overseas prices.

Indonesia exported 2.03 million tonnes of palm and palm kernel oils in the month of April and 2.40 million tonnes in May, GAPKI said.

Malaysian stockpiles at end-June eased 0.97% on-month to 2.42 million tonne, against forecast of a 4% decline to 2.35 million tonnes.

Crude palm oil prices in spot market gained by 2.30 rupees and settled at 491.30 rupees.

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Crude Palm Oil Recovered On Short Covering After Prices Dropped Tracking

CPO trading range for the day is 489.1-501.9.

Crude palm oil recovered on short covering after prices dropped tracking weakness in Malaysian palm oil weighed down by higher inventory levels in June.

Malaysian stockpiles at end-June eased 0.97% on-month to 2.42 million tonne.

Malaysia's July 1-10 palm oil exports seen at 367,950 tonnes versus June 1-10 at 376,802 tonnes

Crude palm oil prices in spot market dropped by 2.00 rupees and settled at 491.00 rupees.

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Crude Palm Oil Dropped Ahead Of Official Data Release From The Malaysian Palm Oil

CPO trading range for the day is 493.8-502.8.

Crude palm oil dropped ahead of official data release from the Malaysian Palm Oil Board this week, as the market expects bearish numbers due to weak demand.

India imposed a 7.5% import duty on palm stearin in an attempt to boost local refining, but did not amend tariff rates for other soft oils, including palmolein.

Palm oil inventories in Malaysia likely dropped to their lowest in nearly a year in June as exports and domestic consumption outpaced production.

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CPO Trading Range For The Day Is 511.9-521.7

CPO trading range for the day is 511.9-521.7.

Crude palm oil prices dropped tracking weakness in spot demand amid higher stocks in domestic markets.

Malaysia’s June 1-20 palm oil exports fell 9.5 percent to 897,936 tons compared from 992,313 tons in the corresponding period last month.

Malaysia's palm oil stocks likely hit a 10-month low by end-May, logging a third straight month of fall due to a dip in output and rise in exports.

Crude palm oil prices in spot market gained by 3.10 rupees and settled at 511.70 rupees.

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Silver Ended With Gains As A Weaker Dollar And Heightened Tensions

Silver trading range for the day is 37800-38328.

Silver ended with gains as a weaker dollar and heightened tensions between the United States and Iran underpinned the precious metal.

While U.S. President Donald Trump said he was not seeking war with Tehran, U.S. Secretary of State Mike Pompeo said "significant" sanctions on Tehran.

US home sales jumped 2.5% in May, as lower mortgage rates appeared to help buyers overcome affordability challenges.

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Crude Palm Oil Prices Gained Tracking Firmness In Spot Demand

CPO trading range for the day is 511.2-520.8.

Crude palm oil prices gained tracking firmness in spot demand and overseas prices after upbeat official industry data from MPOB.

Malaysian palm oil stockpiles fell to a 10-month low at end-May, according to official data, extending monthly falls since March.

Stockpiles at end-May in Malaysia, fell 10.3% to 2.45 million tonnes from the previous month.

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Crude Palm Oil Prices Gained Tracking Firmness In Spot Demand And Overseas Prices

CPO trading range for the day is 495.5-513.3.

Crude palm oil prices gained tracking firmness in spot demand and overseas prices after upbeat official industry data from MPOB.

Malaysian palm oil stockpiles fell to a 10-month low at end-May, according to official data, extending monthly falls since March.


Stockpiles at end-May in Malaysia, fell 10.3% to 2.45 million tonnes from the previous month.

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Crude Palm Oil Prices Gained On Short Covering After Prices Dropped

CPO trading range for the day is 512.9-526.9.

Crude palm oil prices gained on short covering after prices dropped due to high end-stocks and flat demand.

India raised the base import price of crude palm oil by $5 to $545 per tonne, the government said in a statement.

Malaysia's palm oil output will rise to 20 million tonnes in 2019, up from earlier estimates of 19-19.5 million tonnes.

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Crude Palm Oil Prices On Profit Booking After Prices Rallied On Expectations

CPO trading range for the day is 526.1-547.7.

Crude palm oil prices on profit booking after prices rallied on expectations of dwindling stockpiles and improved exports.

India's palm oil imports in 2018/19 is expected to jump about 10% on year to a record high due to sharp fall in the prices.

Malaysia's palm oil stockpiles at the end of March fell 4.6 percent from the previous month to 2.92 million tonnes, MPOB said.

Crude palm oil prices in spot market dropped by 6.60 rupees and settled at 533.50 rupees.

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CPO Dropped Pressured By Weaker Spot Demand And Forecast

CPO trading range for the day is 550.7-557.3.

CPO dropped pressured by weaker spot demand and forecast that Malaysia’s February palm output will be higher than usual.

Output in Malaysia, fell 3.9 percent to 1.74 million tonnes last month, data from the Malaysian Palm Oil Board showed.

Malaysia kept its export duty on crude palm oil for March at zero percent, according to a circular on the Malaysian Palm Oil Board's website.

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Crude Palm Oil Dropped Pressured By Weaker Spot Demand

CPO trading range for the day is 546.7-554.1.

Crude palm oil dropped pressured by weaker spot demand and forecast that Malaysia’s February palm output will be higher than usual.

Output in Malaysia, fell 3.9 percent to 1.74 million tonnes last month, data from the Malaysian Palm Oil Board showed.

Malaysia kept its export duty on crude palm oil for March at zero percent, according to a circular on the Malaysian Palm Oil Board's website.

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Crude Palm Oil Gained Tracking Firmness In Spot Demand And Overseas

CPO trading range for the day is 561.2-577.2.

Crude palm oil gained tracking firmness in spot demand and overseas prices bolstered by stronger related edible oils and on expectations of weaker output.

Output in Malaysia, fell 3.9 percent to 1.74 million tonnes last month, data from the Malaysian Palm Oil Board showed.

Malaysia kept its export duty on crude palm oil for March at zero percent, according to a circular on the Malaysian Palm Oil Board's website.

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Crude Palm Oil Gained Supported On The Back Of Expectations Of Easing Inventory Levels

CPO trading range for the day is 567.6-575.6.

Crude palm oil gained supported on the back of expectations of easing inventory levels.

Indonesia's 2018 exports of palm oils, including oleochemical and biodiesel shipments, rose 8 percent from a year earlier to 34.6 million tonnes.

Cargo surveyor Intertek Testing Services said exports of Malaysian palm oil products for January rose 14.7 percent.

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CPO Trading Range For The Day Is 564.5-576.3

CPO trading range for the day is 564.5-576.3.

Crude palm oil dropped tracking weakness in spot demand and overseas prices after a cargo surveyor data showed exports grew slower than expected in January.

Cargo surveyor Intertek Testing Services said exports of Malaysian palm oil products for January rose 14.7 percent.

Indonesian palm oil prices are also forecast to rise to as high as $600 a tonne.

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