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
Myande Group – Platinum Sponsor of BLACK SEA OIL TRADE-2025
Thailand has dropped to third place among the world’s largest rice exporters
Sugar exports from Ukraine in MY 2024/25 decreased by 16%
Kazakhstan: Wheat Quality Below Expectations, but Yields Remain High
Indonesia increases palm oil exports by 69% in July
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon