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NEWS ADMIN

DATE

08/04/2019

NEWS PROVIDER

Siti Safura Masiron

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Malaysian palm oil/Vegoils: Market factors to watch Monday April 8

08.04.2019 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday April 8.

 

FUNDAMENTALS

* Malaysian palm oil futures surged to their highest in six weeks on Friday evening, charting a fifth straight session of gains, on expectations of dwindling stockpiles and improved exports.

* U.S. soybean futures dropped on Friday as uncertainty about the timing and details of a potential trade deal with China caused investors to lock in some profits from recent gains, traders said.

* Oil prices rose to their highest levels since Nov. 2018 on Monday, driven up by OPEC's ongoing supply cuts and U.S. sanctions against Iran and Venezuela.

 

MARKET NEWS

* Asian shares edged higher on Monday as investors cheered a much-needed rebound in U.S. payrolls, while looking forward to more policy stimulus in China.

 

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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/2019/04/08/palm-oil-market-factors-to-watch-april-8/#EuK9mtDmMVUIdw5L.99