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 
- Asian Crude Palm Oil Ends Up; March 1-20 Exports Expected To Rise
- Crude Palm Oil Ends Down On Weak Crude Oil, Soyoil
- Nestle Drops Indonesia’s Sinar Mas As Palm Oil Supplier
- No Reason To Fear Investor Interest: Ruchi Soya
- South East Asia Dry Spell Thins Palm Oil, Rubber Supply; Threatens Rice
- Crude Palm Oil Ends Up On Higher Soyoil, Crude
- Crude Palm Oil Ends Marginally Lower In Choppy Trade
- Palm Oil Declines on Crude, South American Soybean Crop Concern
- Crude Palm Oil Stumbles On Long Liquidation, Profit-Taking
- “Green” Palm Oil Output May Double As Prices Rise
- Malaysian Windfall Tax Capping Palm Oil Price Rise
- Palm Oil Refineries Should Venture Into More Downstream Value-Added Products
- Follow Palm Oil HQ On Twitter
- Soyoil Subsidies Create Artificial Price, Says MPOC
- Crude Palm Oil Ends Down; Weak Cash Demand, Long Liquidation
PRO Palm Oil Live Market News
- Malaysia March 1-20 Palm Oil Exports Up 3.4% On Month -Intertek
- *Malaysia March 1-20 Palm Oil Exports 873,931 Tons -Intertek
- *Malaysia March 1-20 Palm Oil Exports Up 3.4% On Month -Intertek
- European Veg Oil PM Palm Oil & Lauric Oil Prices- Mar 19
- Indian Edible Oil Prices Fall On High Stocks, Rapeseed Supply
- CBOT Soy Outlook: Mixed; Tightening Supplies Support Old Crop
- European Veg Oil AM Palm Oil & Lauric Oil Prices- Mar 19
- India Commodity Prices Including Palm Oil – Agriculture
- India Soybean Futures End Up 1.2% On Firm Palm
- Asian Crude Palm Oil Ends Up; March 1-20 Exports Expected To Rise
- Indonesia Astra Agro Sells 4,000 Tons Crude Palm Oil (CPO) Friday
- Indonesia PT KPB Sells 7,500 Tons Crude Palm Oil (CPO) At Auction Friday
- China Soybean Futures Settle Higher; CBOT Buoys Sentiment
- BMD Crude Palm Oil (CPO) Futures Rise; March 1-20 Exports Likely Up
- China Dalian Commodity Exchange Grain Stocks, Mar 19