Palm oil prices up

Published September 23, 2003

KUALA LUMPUR, Sept 22: Malaysian palm oil futures ended up again on Monday, briefly touching a three-month high, helped by strengthening exports and a continuous rise in rival US soyaoil.

The third-month December futures, up by a total of 82 ringgit in the previous six sessions, added a further 14 ringgit to end at 1,429 ($376.05) a ton.

The December contract — up 96 ringgit since the start of the September 12 rally — was expected to meet resistance at 1,450 ringgit and find support at 1,410, dealers said. Overall volume was heavy at 7,897 lots but lower than Friday’s 8,451 lots.

In physical crude palm oil trade, the September contract saw bids/offers at 1,475/1,485 ringgit a ton in both the southern and central regions of Malaysia. Trades were reported at 1,475 to 1,480 in the south and at 1,480 to 1,475 in the central zone.—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....