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NEWS ADMIN

DATE

05/04/2019

NEWS PROVIDER

Nur Aisha Abd. Wahab

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Malaysian palm oil/Vegoils: Market factors to watch Friday April 5

The Star Online (05/04/2019) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday April 5.

FUNDAMENTALS

* Malaysian palm oil futures hit a one-month high on Thursday, supported by expectations of better exports demand and lower stocks.

* U.S. soybean futures firmed for the third time in four sessions on Thursday, supported by a better-than-expected export report and hopes for a trade deal with China, traders said.

* Brent oil prices rose on Thursday, briefly touching $70 a barrel for the first time since November as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global demand indicators.

MARKET NEWS

* Asian share markets consolidated weekly gains on Friday as Sino-U.S. talks dragged on with no concrete conclusions, while caution ahead of U.S. payrolls and a holiday in China and Hong Kong dampened volatility.

RELATED

 Malaysia March palm oil stocks to come in at 5-mth low -Reuters survey

 Indonesia blocks EU spirits, link seen to palm oil spat -industry

 Good yields may propel Argentine soy crop over 53 mln tonnes -exchange

 Cargill names new head of grain trading and processing

Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC' - sources

DATA/EVENTS

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

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

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

Read more at https://www.thestar.com.my/business/business-news/2019/04/05/pal-oil-market-factors-to-watch-april-5/#4rYKOmuZqDvvJloF.99