Global Markets
S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Palm Oil

Palm Oil Eases Further on Weak Edible Oil Prices

Malaysian palm oil futures extended losses, trading near MYR 4,600 per tonne and moving further away from a near four-week high, as weakness in rival edible oils on the Dalian and Chicago exchanges weighed on sentiment. Demand concerns also persisted after palm oil imports by top buyer India fell to a 14-month low in June, pointing to softer near-term buying interest. Meantime, export data for July 1–20 provided little direction, with AmSpec Agri Malaysia reporting shipments fell 0.9% from the same period in June, while Intertek Testing Services estimated a 4.1% increase. Still, losses were cushioned by a weaker ringgit and growing supply risks, with higher biodiesel mandates in Indonesia and Malaysia reducing export availability and providing underlying support to prices. Investors also looked to the upcoming Politburo meeting later this month in China, another major palm oil consumer, hoping for fresh stimulus after second-quarter growth undershot expectations.

Register a Revolut Business Account

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button