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NEWS ADMIN

DATE

11/03/2019

NEWS PROVIDER

Nur Aisha Abd. Wahab

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Malaysian palm oil/Vegoils: Market factors to watch Monday March 11

The Star Online (11/03/2019) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday March 11.

FUNDAMENTALS

* Malaysian palm oil futures reversed early gains to close lower on Friday, charting a third straight day of losses on weaker demand outlook.

* Iraq's state grain board bought 100,000 tonnes of U.S. and Canadian wheat in an international purchasing tender, traders said on Sunday.

* Oil prices fell about 1 percent on Friday after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil.

MARKET NEWS

* Global stocks lost ground on Friday and the dollar softened for the first time in eight sessions after a disappointing U.S. payrolls report exacerbated concerns that the world economy was slowing.

RELATED

 Malaysia says EU palm oil curbs lack scientific proof, breach WTO rules

 Crushed: Argentina's soymeal plants battered by trade war and taxes

 USDA confirms sales of 664,000 tonnes of soy to China

 Falling exports, ethanol production boosts U.S. corn stocks-USDA

 Corn hits contract lows, soy sags, wheat firm after USDA data

DATA/EVENTS

 Cargo surveyor AmSpec releases Malaysia's Mar 1-10 palm oil export data on Mar 11.

 Cargo surveyor SGS releases Malaysia's Mar 1-10 palm oil export data on Mar 11.

 Cargo surveyor ITS releases Malaysia's Mar 1-10 palm oil export data on Mar 11. - Reuters


Read more at https://www.thestar.com.my/business/business-news/2019/03/11/malaysian-palm-oil-market-factors-to-watch-march-11/#heuvcrW5xjUk23GQ.99