Palm oil gains on Dalian strength, production worries
Malaysian palm oil futures rose for a fifth consecutive session on Tuesday, underpinned by concerns about weak production and tracking gains in the Dalian market.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 56 ringgit, or 1.41%, to 4,035 ringgit ($855.42) a metric ton in early trade.
Read also
Palm oil prices are expected to continue rising after a short-term correction
Georgia reduced wheat imports in April
Brazilian soyabean oil exports jump 47% amid record crop and weak domestic demand
Zimbabwe plans new grain import levies to strengthen food security
Global vegetable oil production to hit record high again – USDA
Write to us
Our manager will contact you soon