Palm oil edges up on better export estimates, firmer crude oil prices
Malaysian palm oil futures rose on Monday, as estimates of higher exports of the edible oil and firmer crude oil prices countered weakness in rival oils and underpinned the market.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 12 ringgit or 0.31%, to 3,897 ringgit ($828.44) per metric ton during early trade.
The contract had lost 0.18% last week.
Read also
December WASDE forecast values increased for oilseeds and oils for MY 2024/25
New palm oil standards raise deforestation concerns
Grains in the Green. Wednesday, December 11, 2024
Palm ends lower on profit-booking and tracking Dalian palm
EU Council approves farmer-focused future common agricultural policy
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon