Palm oil eased further on Thursday on the European vegetable oil market on worries over demand in thin trade due to the absence of Chicago markets, which were closed for the Thanksgiving Day holiday.
* “Speculators continued to cut long positions on worries over demand for palm oil following recent disappointing export data and concerns over the growth of the global economy,” one broker said.
* Palm oil was offered between $2.50 and $12.50 a tonne down from Wednesday after Malaysian palm oil futures closed between 23 and 40 ringgit per tonne down on concerns over a slowdown in demand and chances that already record high palm oil stocks will grow further.
* Jan delivery RBD palm olein changed hands at $820 a tonne fob Malaysia, Jan/March traded $7.50 down from Wednesday between $825 and $820, April/June fetched between $855 and $845, down $5 and July/Sept traded at $862.50.
* Crude palm oil traded at $845 a tonne cif Rotterdam for Jan/March and April/June changed hands at $870 cif.
* Liquid oils – soyoil, rapeoil and sunoil – were offered hardly changed from Wednesday due to the absence of a direction from Chicago markets and a lack of participation with many players visiting the…
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Palm oil down on demand woes
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
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