Palm Oil Futures Down on Crude, Debt Crisis Fears
May 09, 2010
Related articles
Malaysia Halting Palm Oil Sales to Iran, Traders Say 8:39pm Feb 8, 2012
Plantation Unit Smart Leases to Affiliate 9:39pm Jan 4, 2012
Palm Oil Advances to Highest in 5 Weeks 8:51am Dec 29, 2011
Hindoli to Boost Sumatra Palm Output 8:13pm Dec 19, 2011
Palm Oil Posts Biggest Price Decline Since September 8:48pm Dec 12, 2011
Post a comment
Please login to post comment
Comments
Be the first to write your opinion!
Palm oil futures declined last week, posting the first weekly loss in three weeks, as Europe’s debt crisis curbed investors’ risk appetite and concerns grew that the recent drop in crude oil prices may reduce demand for biodiesel.
July-delivery palm oil fell as much as 1.6 percent to 2,484 ringgit ($759) per metric ton on the Malaysia Derivatives Exchange before closing at 2,519 at 6 p.m. local time Friday. The contract lost 1.5 percent of its value over the week.
US stocks Friday tumbled the most in a year, briefly erasing $1 trillion in market value, and the Reuters/Jefferies CRB Index of 19 raw materials slumped to a three-month low on concern that Europe’s debt crisis would spread.
Crude gained 1 percent to $77.92 a barrel after plunging 10 percent through Friday, the biggest weekly loss since July. Sime Darby Bhd., the biggest palm oil producer, fell for a fourth straight day Friday, taking the week’s losses to 2.4 percent.
Bloomberg
- Malaysian Girl Speaks Indonesian After Freak Accident: Report
- Indonesians Buying Up Most Expensive Homes in Singapore
- Indonesia Woman Kills Teenage Brother Over Sock Insult
- Funeral on Friday for Student Killed in Rafting Accident
- Concerned for Orangutans in Indonesia, US Girl Scouts Lobby for Sustainable Palm Oil
- 7 Motorcycle Girls Arrested for Beating Up Their Own on Bali
- Will Lady Gaga Finally Set Foot in Jakarta?
- 5 More Prisoners Found After Jakarta Jail Break
- Opening Eyes to Tolerance Via Film
- Indonesian Operators Ban Access to LGBT Advocacy Web Site
-
8:48pm | Breaking News: Dozens Feared D...
It's amazing there are not a lot more accidents of this severity, given the crazed manner in which many bus drivers 'pilot' their vehicles on th -
7:40pm | Shocking Images Show Animal Cr...
I can definitely tell you that in Islam we do not discriminate animals based on their habit or size. All animals should be loved and not unnecessar -
7:18pm | Malaysian Police Detain Saudi ...
Is that something that interpol do ? Do they have to follow certain guideline on what can be classified as a crime ? -
7:13pm | Shocking Images Show Animal Cr...
Sorry Bawel, my brother... What do you do with Eid Al Adha? Slice (or watch the slicing of) the throat of the goat and let i -
6:48pm | Malaysian Police Detain Saudi ...
vanu - i suspect if the said deity existed he/she would not want his followers to kill people, and yet they do and he/she says nothing... draw your -
6:28pm | Opening Eyes to Tolerance Via ...
agoz - methinks the lady doth protest too much. Suggest you watch 'The Kite Runner' - your type of film buddy. -
6:23pm | Indonesia Partners Catholic Ch...
Church cleric abuse children for decades? It doesn't mean that Catholicism is bad right? Seriously. Or may be the side effect of c -
6:21pm | Concerned for Orangutans in In...
waky - sorry, but what is your argument - that anything can be sacrificed to sustain human existance. If this is what you are saying I totally disa
