Page 18 - Intertek Testing Services News Today

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week amid a slowdown in demand post-Eid al-Fitr festive season with price hovering between RM3,800 and RM3,900 per tonne.

JAKARTA (May 18): Palm oil surged about 5% to end near a record high as soybean oil powered to its highest level since 2008 and industry participants anticipated a drop in production in second-biggest grower Malaysia. Better export data for the first half of May, a rebound in the Dalian market and some bargain buying are supporting palm oil prices, according to Sathia Varqa, owner of Palm Oil Analytics in Singapore. Cargo surveyor data from Intertek Testing Services and AmSpec Agri showed Malay...

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to move higher next week, underpinned by the improving export data. Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said this was based on the cargo surveyor Intertek Testing Services data, which showed Malaysias exports for the May 1-10 period up by 29.63 per cent to 447,225 tonnes from 345,010 tonnes in the same period in April 2021. Similarly, cargo surveyor Amspec Malay...

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China 70,260 53,050 India & subcontinent 71,675 56,190 (Only selected palm products and destinations are displayed here; they may not add up to total exports) TOTAL PALM EXPORTS, BY MONTH Month Total Net Change m/m % January 1,059,225 -626,733 -37.2 December 1,685,958 +276,207 +19.6 November 1,409,751 -280,486 -16.6 Source: Reuters (Reporting by Kuala Lumpur Newsroom, 2021-02-16

by Title: @title "the edge malaysia" by Author: @author "lucas wong” by category: @category "corporate" "hot stock”  Combine search:  "high speed rail" @author "Bhattacharjee" @category "From the Edge" Searching either words : 1MDB MAS  Searching all words : “Genting Berhad” Searching Chinese phrase : “马电讯”

KUALA LUMPUR (Feb 4): Malaysia’s palm oil stocks likely grew 7.5% month-on-month (m-o-m) to 1.36 million tonnes (at end-January 2021) due to a slower decline in production compared to exports, said CGS-CIMB. Its analyst Ivy Ng said findings of a survey of palm oil areas by the CGS-CIMB Futures team revealed that Malaysia’s crude palm oil (CPO) output probably fell 14% m-o-m or 2.1% year-on-year (y-o-y) to 1.15 million tonnes in January 2021. Meanwhile, palm oil exports likely fell 35% m-o-...

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to undergo technical correction next week with pessimistic exports outlook. Interband Group of Companies senior palm oil trader Jim Teh said prices would likely hover between RM3,200 and RM3,300 per tonne in the coming week. "The demand will also be slower, given the upcoming Chinese New Year holiday next month,” he told Bernama. According to cargo surveyor Societe Generale de Surveillance, Malaysi...

Palm for April delivery on Bursa Malaysia Derivatives dropped as much as 1.7% to RM3,293. KUALA LUMPUR: Palm oil futures headed for their lowest close in seven weeks on lingering concerns that demand from key buyer China will weaken after the Lunar New Year festival next month. Prices in Kuala Lumpur dropped as much as 1.7% to RM3,293 per tone, Singapore futures fell 1.3%, while Dalian palm olein declined 0.8%. Concerns about dwindling demand continue to pressure prices, said Gnanasekar Thiagar...

KUALA LUMPUR (Jan 6): Malaysia’s palm oil inventory likely fell 23% month-on-month (m-o-m) and 40% year-on-year (y-o-y) to 1.21 million tonnes at end-December 2020 — the lowest stock level since June 2007, due to higher exports and declining output, a survey by the CGS-CIMB Futures team showed. The survey also revealed that Malaysia’s crude palm oil (CPO) output probably fell 11.1% m-o-m (-1% y-o-y) to 1.33 million tonnes in December 2020. “We believe the lower production could be due t...