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
Poor soybean harvest to push India to increase soybean oil imports — USDA
Black Sea export disruptions return Australia to the centre of the global wheat ma...
Bunge sunflower oil facility suspends operations after Russian attack
Expana raises EU wheat export forecast as Black Sea shipments decline
Ukraine expands alternative rail routes to the EU
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon