Malaysian palm oil futures rise for fifth day on rival oils strength
Malaysian palm oil futures inched higher for a fifth consecutive session on Wednesday, supported by stronger rival oils though weaker crude oil prices weighed on the market.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 36 ringgit, or 0.86%, to 4,245 ringgit ($1,023.14) a metric ton in early trade.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
US becomes Bangladesh’s leading soybean supplier
Export “window” of Ukrainian barley to Turkey may close
Fuel and fertilizer disruptions to reduce Australia’s canola production
Azerbaijan has significantly increased its wheat purchases
Wheat rises amid Iran ceasefire worries and looming US crop data
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon