Palm oil climbs as upbeat rivals, export outlook support
Malaysian palm oil futures rose on Tuesday, buoyed by strength in rival Dalian and Chicago soyoil contracts as well as higher exports in Indonesia, the world’s biggest producer.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 80 ringgit, or 2.07%, to 3,950 ringgit ($842.22) per metric ton during early trade.
Read also
April outlook: May to determine the future of the 2025 Ukrainian crop
Hungary is experiencing difficulties with the growth of agricultural production
Wheat prices fall to 9-month low
Japan May Increase US Corn Imports Under Tariff Deal
Polish carriers blocked the Yahodyn-Dorohusk checkpoint
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon