Palm Oil Slumps To 5 Month Low


Investors are nervous over the rapid spread of the Covid-19, which threatens global economic activity and commodity demand, including for palm oil.NEW DELHI: Palm oil dropped to a five-month low on concerns about poor purchases by top buyer India and an overnight slump in petroleum
The world’s most-consumed edible oil fell 1.3% to close at its lowest level since October as a rout in crude oil prices to an 18-year low on Wednesday further diminished its allure as an alternative fuel. Petroleum prices recovered on Thursday, but sentiment remains fragile
“The overnight drop in crude oil prices is lowering palm oil prices,” said Rajesh Modi, a trader at Sprint Exim Pte in Singapore
“Low buying by India is also a bearish factor,” he said, adding that if India increases buying later in the year, prices may get some support
Palm oil purchases by India may slump to an almost nine-year low in March as the Covid-19 pandemic discourages people from eating in restaurants, according to GG Patel, managing partner of GGN Research
The market is facing pressure as the tropical oil’s premium to gasoil is about US$216 (RM953) a tonne, near the highest in three years, compared with an average discount of US$8 over the past year, making discretionary use in biofuel prohibitive
“The spread is largely unfavourable for palm oil,” said Anilkumar Bagani, research head of Sunvin Group, a Mumbai-based broker and consultant
If the current situation persists for a relatively longer period, the elevated spread may jeopardise biofuel-based demand and hit biodiesel-mandated programmes in Indonesia and Malaysia, he said
Investors are nervous over the rapid spread of the coronavirus, which threatens global economic activity and commodity demand
Palm oil futures have slumped more than 27% this quarter after surging 44% in 2019. - FMT

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2020/03/palm-oil-slumps-to-5-month-low.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+Know

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Low Oil Prices To Remain Say Experts

Low Oil Prices To Remain Say Experts

papar berkaitan - pada 12/3/2020 - jumlah : 310 hits
Oil markets tumbled more than 30 after the disintegration of the Opec alliance which triggered an all out price war between Saudi Arabia and Russia PETALING JAYA An analyst has warned that oil prices are expected to remain low in the wake o...
Jho Low S Hollywood Mansion Sold At Half Price For Rm81mil

Jho Low S Hollywood Mansion Sold At Half Price For Rm81mil

papar berkaitan - pada 22/3/2020 - jumlah : 261 hits
The 13 000 sq ft mansion sits on a one acre plot and has six bedrooms and seven bathrooms PETALING JAYA A mansion in Hollywood Hills Los Angeles owned by fugitive businessman Jho Low has been sold for US 18 5 million or just over half the p...
Rumah Mewah Jho Low Dijual Pada Separuh Harga Rm81 3 Juta

Rumah Mewah Jho Low Dijual Pada Separuh Harga Rm81 3 Juta

papar berkaitan - pada 22/3/2020 - jumlah : 1175 hits
Rumah agam seluas 13 000 kaki persegi dilengkapi 6 bilik tidur dan 7 bilik air Sebuah rumah agam di Hollywood Hills Los Angeles yang dimiliki ahli perniagaan buruan Jho Low dijual dengan harga AS 18 5 juta atau lebih separuh harga yang beli...
A 10 Month Old Baby Was Allegedly Beaten To Death By His Babysitter In Kl

A 10 Month Old Baby Was Allegedly Beaten To Death By His Babysitter In Kl

papar berkaitan - pada 13/3/2020 - jumlah : 240 hits
Serdang district police are investigating the babysitter for murder small Cover image via New Straits Times Yusof Mat Isa Malay Mail small A 10 month old boy died at Hospital Serdang yesterday 12 March According to a post mortem conducted b...
Mukhriz Has A Month To Accept Perikatan Offer

Mukhriz Has A Month To Accept Perikatan Offer

papar berkaitan - pada 16/3/2020 - jumlah : 236 hits
ALOR SETAR Mentri Besar Datuk Seri Mukhriz Mahathir has been given a month to consider an offer to join Perikatan Nasional and keep his position according to sources Perikatan insiders revealed that Datuk Seri Azmin Ali who joined Parti Pri...
My Go To Low Carb 30 Minute Meals For Busy Weeknights How To Make Any Meal Low Carb

My Go To Low Carb 30 Minute Meals For Busy Weeknights How To Make Any Meal Low Carb

papar berkaitan - pada 18/3/2020 - jumlah : 430 hits
What can be better when preparing a weeknight meal than a quick and low carb dish These 30 Minute Meals are clean eating and free of refined ingredients They are easy to make and more than delicious I love meals that are flavorful and full ...
Citibank Personal Loans Low Flat Interest Rate 5 88

Citibank Personal Loans Low Flat Interest Rate 5 88

papar berkaitan - pada 11/3/2020 - jumlah : 226 hits
Citibank Personal Loans Low flat interest rate 5 88 Whether it is decorating your dream home pursuing a higher education or your dreams Citibank Personal Loans lets you fulfill your personal needs Apply for Citibank Personal Loans Online no...
Come On Hishamuddin Bawa Balik Jho Low

Come On Hishamuddin Bawa Balik Jho Low

papar berkaitan - pada 11/3/2020 - jumlah : 335 hits
Polis Diraja Malaysia yakin dengan komitmen dan pengalaman Menteri Luar Negeri Hishammuddin Hussein untuk terus membantu membawa pulang ahli perniagaan Low Taek Jho atau Jho Low yang dikehendaki pihak berkuasa dalam siasatan berhubung skand...
Penceramah Bebas Terkenal Usia 39 Tahun Ditahan Polis Didakwa Sebar Video S Ks Bersama 4 Isteri

Asean Trying To Avoid Using Us Dollar In Trade Says Anwar

Perbalahan Rumah Tangga Isteri Tikam Suami Setelah Ditendang

Lelaki Bongkar Kecurangan Seorang Wanita Sarat Mengandung Semasa Menonton Perlawanan Di Stadium

Fikry Ibrahim Cari Side Income Main Saham Pula Jangan Risau Saya Tak Main Forex

Pas Slams Gov T For Treating People As Tax Collection Machines Burdening Rakyat

10 Janji Allah Kepada Mereka Yang Ingin Berkahwin

Ulasan Samsung Galaxy A36 5g Hp Android Menengah Rasa Premium


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Rain Lily Scarlet O Hara

Satay Buaya Dan Kisah Tom Yam Paste Yang Dibuang Di Airport

Drama Selamat Pengantin Haru

Template Blogger Responsive Seo Friendly

Lebih Ramai Bukan Bumiputera Akan Masuk Sebagai Ahli Bersekutu Bersatu Pahang Dalam Masa Terdekat Ini

Cara Buat Link Whatsapp