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Malaysian benchmark crude palm oil futures opened about 1 percent higher on January 2, 2019. The opening followed India's announcement of lower import duties on palm oil from Southeast Asia.
March futures traded at 2,133 ringgit a tonne.
The opening move reflects India's tariff cut boosting expected palm oil import demand. The price gain is modest, so the effect on the market is limited.
thestar.com.myThe Star Online1 Jan 2019Setelah 133 peristiwa perdagangan bullish sebelumnya, Minyak Sawit bergerak median +0,7% selama 5 sesi (64% lebih tinggi; separuh tengah -0,8% sampai +2,3%), dan +1,7% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Futures opened about 1% higher on the India tax cut news, showing immediate market reaction that started the multi-day gain.
Documents futures opening higher on the India tax cut news, confirming the sentiment and price reaction tied to the duty change.
