Palm oil up

Published October 11, 2006

BANGKOK, Oct 10: Malaysian crude palm oil futures ended higher on Tuesday, a day before the release of key data, dealers said.

The benchmark third-month December contract on the Bursa Malaysia Derivatives rose 4 ringgit to 1,558 ringgit a ton ($421.8) as 11,894 lots of 25 tons each were traded, up from Monday's 6,936.

The October contract was up 8 ringgit a ton at 1,528 ringgit and November rose 5 ringgit to 1,545. Traders said the market was likely to move between 1,540 ringgit and 1,580 rinngit on Wednesday.

The Malaysian Palm Oil Board was due to release its September palm oil stock figures on Wednesday, dealers said.

Malaysian palm oil output is estimated to have risen 2.5pc to 1.58 million tons in Sept, less than the previous poll estimate of 1.61m tons on Sept 28.—Reuters

Opinion

Editorial

GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...
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...