Update on Malaysian Palm oil futures at FinGad.com

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Categorie: Commodities
Submitted 4 months ago by

Noor-us-sabbah , Senior Editor at FinGad

In my previous article on Malaysian crude palm oil futures, I suggested investors to stay away from the market for a while. Most of the analysts anticipated a sharp decline in the prices of Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange following the downward movements of the crude oil prices and sluggish demand for the Malaysian palm oil in the international markets. Prices of Palm oil futures usually tend to follow the pattern of crude oil price movement. When the crude oil prices decreased sharply in the international market in July, the Palm oil benchmark October contract prices also hit 8-month low last week on Wednesday, July 23, 2008. The October contract fell 7 percent to 3,027 ringgit a ton on that day, which is in fact the lowest since December 24,... More...

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#1 | Liz @ 4 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Yes, in July the exports have been dismal, with cargo surveyor Societe Generale de Surveillance reporting a steeper fall of nearly 20% to 485,181 tons. The market now is very less likely to recover soon.

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