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 as Stronger Ringgit, Inventory Outlook Weigh

Malaysian palm oil futures slipped below MYR 4,700 per tonne, reversing recent gains as a stronger ringgit and weaker Chicago soyoil prices dampened sentiment. Meanwhile, crude oil prices retreated, further weighing on palm oil as lower energy prices reduce biodiesel demand prospects. Market pressure also stemmed from Reuters forecasts that Malaysia’s palm oil inventories climbed to a five-month high in July, reflecting seasonally stronger output. Traders stayed cautious ahead of China’s July trade data, which may offer fresh demand signals from a major palm oil consumer. Still, losses were tempered by firmer edible oil prices on the Dalian exchange and solid export momentum. Cargo surveyors estimated Malaysia’s July palm oil shipments rose 12.1%–19.5% from June. In top buyer India, edible oil imports hit a 10-month peak in July as refiners stepped up palm oil and soyoil purchases to rebuild stocks before the festive season amid tightening domestic supplies.

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Your email address will not be published.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