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NEWS ADMIN

DATE

13/09/2018

NEWS PROVIDER

Nur Aisha Abd Wahab

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Malaysian palm oil/Vegoils: Market factors to watch Thursday Sept 13

The Star Online (13/09/2018) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Sept 13

FUNDAMENTALS

* Malaysian palm oil futures fell more than 1 percent in its fourth straight session of losses on Wednesday evening, tracking weakness in soyoil and bearish data for August released by the Malaysian Palm Oil Board (MPOB).

* U.S. corn futures regained some ground on Thursday after a steep fall in the previous session, but remained close to a two-month low after a widely watched crop report pegged U.S. output above market expectations.

* Oil prices slipped on Thursday, although U.S. crude remained above $70 a barrel on the back of falling crude inventories and Brent was still close to $80 because of looming sanctions against Iran.

MARKET NEWS

* Asian shares won a reprieve on Thursday as news the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter tariff dispute between the world's two biggest economies.


RELATED

 Malaysia's Sep 1-10 palm oil exports rose 44.4 pct -SGS

 China slashes 2018/19 soybean import forecast as U.S. trade war crimps buying

 Malaysia's end-Aug palm oil stocks hit 7-month top - MPOB

 NZ’s Fonterra posts annual loss as higher costs bite

 OPEC sees slower 2019 oil demand growth, warns on economy

DATA/EVENTS

 Cargo surveyor AmSpec releases Malaysia's Sept 1-15 palm oil export data on Sept 15.

 Cargo surveyor SGS releases Malaysia's Sept 1-15 palm oil export data on Sept 15. - Reuters


Read more at https://www.thestar.com.my/business/business-news/2018/09/13/palm-oil-market-factors-to-watch-september-13/#5X7g0Gju2Sr6R0V1.99