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Welcome to the official website of China - ASEAN Expo

Hotline:+ 86-771-12343

The important note

The 15th CAEXPO will be held on:

Sep 12th-15th,2018 8:30-17:00 (Trade Days)

Sep. 15th,2018(Public Day)

Asia News

Malaysian palm oil/Vegoils: Market factors to watch Monday Apr 16

Source: Reuters    Time:2018-04-16 10:04:59
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday April 16.
 
FUNDAMENTALS
 
* Malaysian palm oil futures closed 1 percent lower, a fifth consecutive day of losses, after Malaysia said it would resume an export tax and on expectations of slowing demand growth, traders said on Friday.
 
* U.S. wheat futures fell on Friday to a one-week low, pressured by forecasts for much-needed rain late next week in the southern Plains winter wheat belt, analysts said.
 
* Oil prices rose on Friday, making the largest weekly gain since July, supported by concerns about the possibility of Western military action in Syria and reports of dwindling global oil inventories.
 
MARKET NEWS
 
* Share markets started firmer in Asia on Monday amid relief U.S.-led strikes on Syria looked like being a one-off event that avoided a direct confrontation with Russia, weighing on oil prices and safe-haven Treasuries.
 
RELATED
 
Malaysia sets May crude palm oil export tax at 5 pct after 4 months suspension
 
NOPA March U.S. soy crush seen at record 168.247 mln bushels -survey
 
COLUMN-Will Argentina's soybean crop shrink even further?
 
Funds net sellers of CBOT corn, soybeans, wheat -traders
 
EU rapeseed crop conditions mixed but winter losses limited
 
DATA/EVENTS
 
Cargo surveyor AmSpec releases Malaysia's Apr 1-10 palm oil export data on Apr 16.
 
Cargo surveyor SGS releases Malaysia's Apr 1-10 palm oil export data on Apr 16.

China-ASEAN Expo Secretariat

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