Palm oil opens higher; market awaits export estimates
Malaysian palm oil futures rose on Friday and were on track for a weekly gain, with markets awaiting export estimates due later in the day.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 40 ringgit, or 1%, to 4,033 ringgit ($858.09) per metric ton during early trade.
The contract has gained about 3.8% for the week so far.
Read also
2026-2030 Economic Outlook: New Business Architecture
Middle East Tensions Are Reshaping Production Costs for Ukrainian Agriculture
Malaysia’s palm oil exports fell by 22.5% in February
Egypt plans to increase domestic wheat production
Ukraine oilseeds in 2026/27: Sowing decisions are shifting towards margin and proc...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon