Palm oil mixed

Published January 19, 2007

JAKARTA, Jan 18: Malaysian crude palm oil futures were mixed in choppy trading on Thursday as players awaited clearer leads from a string of palm oil data next week, dealers said.

The benchmark third-month April contract on the Bursa Malaysia Derivatives exchange was up 2 ringgit at 1,905 ringgit a ton ($544) after trading between 1,881 ringgit and 1,915 ringgit.

The direction is not clear. So they are better off not doing anything. It's a directionless market, a Malaysian dealer in Kuala Lumpur said.

Other traded contracts were either up 2 ringgit or down between one and 7 ringgit. Overall volume was 15,405 lots of 25 tons.

They are waiting for the next 20 days export data next week. They want to know how bad exports are after a bad production period, said another dealer in Kuala Lumpur.

The market could move in a wide range for the week with immediate resistance at 1,950 ringgit and support at 1,880, dealers said. But concerns that wet weather would hit supplies still lent support to the market.—Reuters

Opinion

Editorial

Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....