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,Futures for September delivery jumped 5.5% to close at RM4,920 a tonne, the biggest gain since late April, after slumping almost 15% last week.

KUALA LUMPUR: Palm oil posted its biggest advance in two months on bargain hunting and optimism that Chinese demand will improve, although investors remained cautious as crop prices have crashed to the levels before Russia’s invasion of Ukraine.

Futures for September delivery jumped 5.5% to close at RM4,920 a tonne, the biggest gain since late April, after slumping almost 15% last week.

“There is some physical tightness, and pipelines are still dry in major consuming countries,” said Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental.

Chinese demand may improve on easing Covid-related restrictions, he said, adding that some pent up buying is expected.

But all these positive factors may not be enough to trigger a major rally in prices as the “undercurrent is quite bearish,” he said.

The rout in farm commodities in recent weeks has also hammered palm oil, the world’s most-consumed cooking oil, as investor fret about worries of a global recession. — Bloomberg


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  1. 且爱n
    且爱n
    (2022-07-23 00:02:46) 1#

    特别是电梯坏了的话,那上下楼就更累了,若是要装修搬家具,那想想都以为恐怖。这个很温暖的笔风

    1. Google-Drive电报群(www.tel8.vip)
      Google-Drive电报群(www.tel8.vip)
      (2022-07-23 00:30:46)     

      由于今年前三项大满贯四强属于12位差异选手,以是这种“四强不重样”的定律能否继续延续,也成为本届美网开赛前人人关注的焦点,不外最终这个征象照样在本次竞赛被打破了,由于普利斯科娃对萨卡里,萨巴伦卡对克雷吉茨科娃,这两场八强战都是在两位进入过四强的选手中睁开的,以是只会降生两位首次在今年打入四强的选手。想一百星好评啊

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