"Front-month palm prices are under pressure on production outlook," said a Kuala Lumpur-based trader, adding that this caused palm prices to fall in early trade. Another trader said overnight declines in soyoil prices on the U.S. Chicago Board of Trade weighed on palm oil prices, while a weaker ringgit limited the fall. The May soyoil contract on the Dalian Commodity Exchange fell 0.2%, and the Dalian May palm oil contract was down 0.3%. Palm oil prices are affected by movements in soyoil, as they compete for a share in the global vegetable oil market. Palm, soy and crude oil prices at 1040 GMTContract Month Last Change Low High VolumeMY PALM OIL MAY9 2050 -29.00 2050 2078 230MY PALM OIL JUN9 2129 -21.00 2129 2156 3631MY PALM OIL JUL9 2157 -13.00 2156 2179 15578CHINA PALM OLEIN MAY9 4314 -12.00 4310 4338 29018CHINA SOYOIL MAY9 5276 -10.00 5268 5294 34172CBOT SOY OIL MAY9 28 +0.08 27.9 28 1803INDIA PALM OIL APR9 539.20 +1.00 537.80 539.6 582INDIA SOYOIL MAY9 747.55 +4.15 738.8 748.5 10530NYMEX CRUDE JUN9 66.14 +0.25 65.54 66.28 119714Palm oil prices in Malaysian ringgit per tonneCBOT soy oil in U.S. cents per poundDalian soy oil and RBD palm olein in Chinese yuan per tonneIndia soy oil in Indian rupee per 10 kgCrude in U.S. dollars per barrel(US$1 = 4.1340 ringgit)(US$1 = 70.2025 Indian rupees)(US$1 = 6.7438 Chinese yuan)

Source: The Edge Markets April 25, 2019 06:29 UTC