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
Trump widens tariff pressure to Japan, South Korea, Malaysia, Indonesia, other Asi...
Feed crisis pushes India to import GM-grains
Trump postpones tariff hike until August 1 and begins sending out offer letters
Black Sea Grain & Oil Storm. Who Takes the 2025/26 Margin?
Brazil Raises Biofuel Blending Mandate to 30%
Write to us
Our manager will contact you soon