Palm oil gains on strong India demand; set for weekly rise
Malaysian palm oil futures rose on Friday, buoyed by upbeat demand from top importer India and reduced stockpiles, and were set for a weekly rise after falling for three consecutive weeks.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange was up 18 ringgit, or 0.49%, at 3,714 ringgit ($835.55) a metric ton as of 0245 GMT.
Read also
China restores soybean import licenses for US firms
Favourable short-term prospects for cereal markets – FAO
Pakistan to establish olive oil council to reduce reliance on edible oil imports
Corn harvest in France nears completion
Vegetable oils remain unaffected by the FAO Food Price Index decline
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon