Singapore plantation stocks firmer on hopes CPO demand will remain buoyant after recent data from Malaysian Palm Oil Board shows strong pick-up in production, exports last month. According to MPOB, total CPO output from Malaysia in October +27.4% on-month while palm oil exports +11.8%, with increased sales to all regions except China. "Going towards the end of the year, we expect a pick up in exports with upcoming year-end festivities and then Lunar New Year in February 2010," says Phillip Securities; "with the recovery of the global economy, we believe that consumption of edible oil will pick up as well." Golden Agri-Resources (E5H.SG) +2.1% at S$0.49, Indofood Agri Resources (5JS.SG) +3.2% at S$1.95, First Resources (EB5.SG) +2.2% at S$0.945, Kencana Agri (F9M.SG) +1.8% at S$0.285. Overall volume substantial, suggesting firm buying interest. (FKH)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
November 24, 2009 02:52 ET (07:52 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
More Recent Palm Oil News 
- Crude Palm Oil Ends Up On Weekend Short Covering; Upside Limited
- Crude Palm Oil Recovers Late On Short Covering
- Crude Palm Oil Ends Down As Demand Prospects Weaken
- Crude Palm Oil Rises Slightly; Weak Demand Limits Upside
- Crude Palm Oil Ends Up On South America Crop Worries
- Crude Palm Oil Rises On Pre-Holiday Short-Covering
- Crude Palm Oil Falls Due To Bearish Export Outlook
- Crude Palm Oil Ends Higher On South America Weather
- Crude Palm Oil Ends Down On Profit Taking; USDA Report In Focus
- Crude Palm Oil Rises In Light Trade; USDA Data In Focus
- Crude Palm Oil Steady; South America Weather May Underpin
- Crude Palm Oil Ends Up In Light Trade; Fresh Cues Awaited
- Crude Palm Oil Ends Up On Weather Concerns; More Gains Likely
- Crude Palm Oil Ends Down On Profit Taking, Europe Worries
- CPO Ends Unchanged; May Slip Toward MYR3,200 After Recent Rally
PRO Palm Oil Live Market News
- China Soybean Futures Rise A Tad On South America Output Worries
- China Dalian Commodity Exchange Grain Stocks, Feb 07
- China Dalian Grain Futures Closing Prices, Volume
- Asia-Pacific Commodities Events Calendar
- Southeast Asia Palm Oil Weather – Feb 6
- European Veg Oil PM Palm Oil & Lauric Oil Prices – Feb 6
- European Veg Oil AM Palm Oil & Lauric Oil Prices – Feb 6
- India Commodity Prices Including Palm Oil – Agriculture
- China January Soybean Imports Likely 4.86 Mln Tons -Ministry
- SUBSCRIBERS: No Asian CPO Closing Comment Monday, Tuesday
- China Soybean Futures Hit 3-Month High On Strong U.S. Jobs Data
- China Dalian Commodity Exchange Grain Stocks, Feb 06
- China Dalian Grain Futures Closing Prices, Volume
- SUBSCRIBERS: No Malaysian Palm Oil AM, PM Cash Market Prices Mon-Tue
- Asia-Pacific Commodities Events Calendar
