Palm oil extends rally on Indonesia’s plan for higher biodiesel rates
Malaysian palm oil futures extended gains to a fifth consecutive session on Tuesday, its longest rally in six weeks, amid top producer Indonesia’s plans to raise biodiesel blending rates.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange rose 47 ringgit, or 1.2%, to 3,971 ringgit ($912.03) a metric ton as of 0256 GMT, hovering near the one-month high hit in the previous session.
Read also
Merry Christmas and Happy New Year!
Bangladesh to purchase rice, edible oil and lentils to stabilize prices ahead of R...
Ukraine does not claim the money received by Polish or Hungarian farmers – K...
Algeria purchased half a mln tons of durum wheat
Ban on Chinese drones raises concerns among US soybean farmers
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon