Palm oil rangebound as strong Dalian counters weak crude oil
Malaysian palm oil futures traded in a tight range on Thursday as support from stronger rival Dalian oils countered weaker crude oil prices.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 2 ringgit, or 0.05%, to 4,102 ringgit a metric ton in early trade.
The contract rose for the second consecutive session.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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