Malaysian palm rises for third session, underpinned by overnight Chicago soyoil

Malaysian palm oil futures increased for a third session on Friday, supported by strength in overnight Chicago soyoil following a report that US oil and biofuel producers agreed in principle to raise the mandate for renewable diesel and biodiesel.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange gained 69 ringgit, or 1.6%, to 4,381 ringgit ($989.16) a metric ton in early trade.
The contract has gained 0.14% for the week and is expected to log its first weekly gain in three weeks.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
MARKET SIGNALS TO WATCH, June 20 – 27, 2025
Export duty back on the table: Ukraine revisits 10% tariff on soy and rapeseed
Global Trade in Focus: What’s Ahead for Grains & Oils in 2025/26?
India’s palm oil imports jump 61% in June to hit 11-month high
Ukrainian farmers are approaching the harvest of the first million tons of grain o...
Write to us
Our manager will contact you soon