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
India’s edible oil industry seeks government support amid Middle East crisis
Ukraine plans to open a second agri-hub in Africa this autumn
Egypt purchases nearly 2.4 mln tons of wheat from local farmers
Russia accused Israel of “causing pressure from Ukraine” in the situat...
Modi urges India to cut vegetable oil imports amid global tensions
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon