Palm oil edges higher on bargain buying, low stockpile
Malaysian palm oil futures firmed on Thursday for the second straight session, underpinned by tighter inventories and bargain buying after the contract touched a more than seven-month low in the previous session.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange rose 10 ringgit, or 0.27%, to 3,733 ringgit ($842.66) a metric ton as of 0235 GMT.
Read also
Trump widens tariff pressure to Japan, South Korea, Malaysia, Indonesia, other Asi...
Feed crisis pushes India to import GM-grains
Trump postpones tariff hike until August 1 and begins sending out offer letters
Black Sea Grain & Oil Storm. Who Takes the 2025/26 Margin?
Brazil Raises Biofuel Blending Mandate to 30%
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon