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.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Updated supply and demand balance for oilseeds in Ukraine
Nigeria to increase corn imports by 160% as production declines
EU soybean imports fall 50% at start of new season
Canada increases rapeseed and rapeseed meal exports in June
Wheat futures continue to fall despite sharp cut to Ukraine’s export forecast
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon