Palm oil declines

Published January 19, 2017

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday evening on a strengthening ringgit and forecasts of higher production.

Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange had declined 0.3pc to 3,150 ringgit ($709) a tonne by the end of the trading day. Traded volumes stood at 44,012 lots of 25 tonnes each on Wednesday evening.

Palm oil output is seen rising by 12pc this year to 19.4 million tonnes from 17.4m tonnes in 2016, the Malaysian Palm Oil Board said at a conference in Kuala Lumpur on Tuesday.

Published in Dawn, January 19th, 2017

Opinion

Editorial

‘Source of terror’
Updated 29 Mar, 2024

‘Source of terror’

It is clear that going after militant groups inside Afghanistan unilaterally presents its own set of difficulties.
Chipping in
29 Mar, 2024

Chipping in

FEDERAL infrastructure development schemes are located in the provinces. Most such projects — for instance,...
Toxic emitters
29 Mar, 2024

Toxic emitters

IT is concerning to note that dozens of industries have been violating environmental laws in and around Islamabad....
Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...