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
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
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon