Login ID:
Password:
Partner Login
Contact Us : 7066511911

BMD Palm Remains Range-Bound In Early Trade

12 Jun 2019 11:34 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Malaysian palm oil futures remained range-bound in the first session of trade on Wednesday amid expectations of supportive MPOB data.

The August benchmark crude palm oil contract on the Bursa Malaysia Derivatives Exchange (BMD), was up Ringgit 2 at Ringgit 2,009 at the midday break after moving in the range of Ringgit 2,015 and Ringgit, 1,997.

In other related oils, the CBOT July soybean oil contract was trading lower by 0.18 percent in electronic trade on Wednesday, having fallen 0.58 percent in the previous session.

Palm oil prices are affected by movements in soyoil, as they compete for a share in the global vegetable oil market.

After the end of the first session of trade, Malaysian Palm Oil Board (MPOB) on Wednesday reported Palm oil inventories in Malaysia, at the end of May at 2.45 million tonnes, down 10.34 percent from the previous month, its third straight monthly drop.

End-April palm oil stocks were at 2.73 million tonnes.

The MPOB data showed output rose 1.34 percent to 1.67 million tonnes in May from 1.65 million tonnes in April.

While May exports were up 3.51 percent from April to 1.71 million tonnes for a third month of gains. Exports were at 1.65 million tonnes in April.

(By Commoditiescontrol Bureau)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
BMD Palm Oil Pares Early Gains To Close In Red
Malaysian PM Cash Market Prices for Palm Oil June 18
Indonesia PM Cash Market Prices for Palm Oil - June 18
Rapeseed Canola (ICE) A Close above 465 Confirms a ...
Rapeseed Meal (ZCE) Primary Trend Remains Bullish / ...
more
Top 5 News
Spot Mentha Moves Lower On Limited Demand, Adequate Sup...
Chana/Chana Dal Weaken At Major Spot Markets
Spot Jeera Prices Steady To High
Tur Declines At Selective Markets
Spot Coriander Prices Remain Weak To Stable
Top 5 Special Reports
Stock Position Of Veg Oil (Edible Grade ) On 17.06.2019...
Weekly: Red Chilli Prices Likely To Decline Slightly Fr...
Weekly: Weakness May Continue In Rupee On Widening Trad...
Weekly: Overall Bullish Overtone In Gold Is Intact
Weekly: Spot Coriander Unlikely To Drop Below Rs 6,600-...
Copyright © CC Commodity Info Services LLP. All rights reserved.