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NEWS ADMIN

DATE

14/09/2018

NEWS PROVIDER

Nur Aisha Abd Wahab

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Malaysian palm oil/Vegoils: Market factors to watch Friday Sept 14

The Star Online (14/09/2018) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Sept 14.

FUNDAMENTALS

* Malaysian palm oil futures edged higher on Thursday evening to snap four sessions of declines on a technical correction and support from a strong demand outlook.

* Chicago Board of Trade soybean futures eased on Thursday, giving up early gains after U.S. President Donald Trump said the United States was under no pressure to make a trade deal with China, the biggest buyer of the oilseed.

* Oil prices fell more than 2 percent on Thursday, with Brent slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.

MARKET NEWS

* Signs of movement in the U.S.-China trade stand-off and an interest rate hike in emerging market trouble-spot Turkey sent an index of global stocks higher on Thursday as risk appetite returned.

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Dryness after summer heatwave seen cutting EU rapeseed sowings

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/2018/09/14/palm-oil-market-factors-to-watch-september-14/#XywjFrMqQBxZR4W2.99