Palm oil range-bound as weak exports counter lower inventories
Malaysian palm oil futures flitted in a tight range on Tuesday as traders weighed lower stockpiles against weak exports so far in August.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange was down 7 ringgit, or 0.19%, at 3,701 ringgit ($831.69) a metric ton, as of 0310 GMT.
Read also
Black Sea & Danube: Crop and Export Forecast
Rapid exports of Ukrainian flour to China unlikely despite market opening
Soybean harvest begins in Argentina
Ukraine, Syria and Turkey discuss logistical routes bypassing the Strait of Hormuz
Brazil ships first DDG batch to China, opening new feed market
Write to us
Our manager will contact you soon