Palm drops to nearly 4-month low on weak Dalian rival oils, increased output
Malaysian palm oil futures fell to a nearly four-month low on Wednesday, snapping last session’s gains, as rival edible oils on the Dalian exchange and increased production weighed.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 10 ringgit, or 0.24%, to 4,133 ringgit ($978.46) a metric ton as of 0234 GMT.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
UAE to build new port to bypass the Strait of Hormuz
Palm oil prices rise on Monday amid Middle East tensions
Japan opens the world’s first fully sealed vertical farm
Russian authorities begin acknowledging that the fuel crisis is dragging on
Ukraine could deprive Russia of the ability to export grain from occupied territories
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon