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NEWS ADMIN

DATE

06/12/2018

NEWS PROVIDER

Siti Safura Masiron

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Malaysian palm oil/Vegoils: Market factors to watch Thursday Dec 6

06.12.2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Dec 6.

 

FUNDAMENTALS

* Malaysian palm oil futures fell more than 1 percent on Wednesday due to expectations of rising inventories in Malaysia and a change in Indonesia's export levy rules.

* U.S. soybean futures inched higher for a fourth straight session on Wednesday in light trading as investors sought clues as to whether a truce between Washington and Beijing in their trade dispute would revive U.S. soybean sales to China.

* Oil prices dipped on Wednesday ahead of a meeting of the world's biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply.

 

MARKET NEWS

* U.S. stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.

 

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DATA/EVENTS

Cargo surveyor AmSpec releases Malaysia's Dec 1-10 palm oil export data on Dec 10.

Cargo surveyor SGS releases Malaysia's Dec 1-10 palm oil export data on Dec 10. - Reuters

 

Read more at https://www.thestar.com.my/business/business-news/2018/12/06/palm-oil-market-factors-to-watch-dec-6/#1XUe2AupgbOs3KbB.99