Palm oil may fall to RM1,933

Palm oil may fall to RM1,933 per tonne, as it has broken a support at RM1,972. The support is identified as the 176.4% projection level of a downward wave C from RM2,265. The next support will be at RM1,933, a break below which could cause a further loss to RM1,870. The support caused a bounce which indeed a spread between two contracts with different expiry dates. Based on the size of this bounce, palm oil may fall to RM1,870 as well.

Malaysia's Nov 1-20 palm oil exports fall 3.2pct - ITS

Exports of Malaysian palm oil products for Nov 1-20 fell 3.2% to 785,493 tonnes, from 811,012 tonnes shipped during Oct 1-20, cargo surveyor Intertek Testing Services said on Tuesday.

Malaysian palm oil/Vegoils: Market factors to watch Monday Nov 19

Malaysian palm oil futures fell more than 3 percent on Friday and were expected to remain under pressure until at least the start of 2019 due to high inventories, traders said.

Hypocrisy won’t help environment

CHRISTMAS for the United Kingdom’s supermarket chain Iceland is being welcomed with a major campaign discriminating against palm oil. Craftily partnering with Greenpeace, they have leveraged the “Rang-Tan” video as an Iceland supermarket promotional gimmick against palm oil. Their stated goal – to have this advertorial extensively played on British commercial television networks.

Malaysian palm oil price struggles near 3-year low as stockpiles swell

MUMBAI: Malaysian palm oil futures on Thursday struggled to recover from a more than three-year low hit in the previous session, as rising inventories in the world's second-biggest producer weighed on the market and physical demand showed no signs of improvement despite a hefty price correction.
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