Palm firms but weaker crude, rival oils cap gain
Malaysian palm oil futures ticked up on Monday in range-trading after previous session’s sharp losses, but persistent weakness in crude and rival edible oils capped the gains.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 12 ringgit, or 0.31%, to 3,912 ringgit ($830.57) a ton by 0320 GMT, after falling 1.49% on Friday.
The contract was down 1.17% last week.
Read also
AgriSupp Update: Export Data for 36 Countries Now Available!
IGC forecasts decline in global wheat production in MY 2026/27
IGC raises 2026/27 corn outlook on improved Argentina and India prospects
European Union approved the final trade agreement with the US
Heat in Europe supports growth in rapeseed prices
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon