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
BLACK SEA OIL TRADE: Straight Talk on the 2024/25 Season and 2025/26 Projections
US winter wheat harvest accelerates
USAID to cease providing foreign aid on July 1 — programs transferred to State Dep...
Wheat prices in Ukraine continue to rise, although stock exchange quotes fell by 3...
US may lift tariffs on products it cannot supply itself with
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon