Palm oil recovers on supply concerns, firmer Indonesian exports
Malaysian palm oil futures regained footing on Wednesday, buoyed by concerns of tightening production and higher Indonesian exports, although a mixed global demand outlook limited gains.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange rose 19 ringgit, or 0.48%, to 3,942 ringgit ($907.88) a metric ton, rising for a fifth time in six sessionsas of 0300 GMT.
Read also
Rapeseed sowing in India at its lowest level in 10 years
Canadian wheat exports expected to decline amid smaller harvest and weaker North A...
Sunseed prices in russia decouple from global markets amid Black Sea export restri...
Cool and wet weather increases disease and pest pressure on Ukraine’s winter...
Malaysian palm oil production expected to decline in November
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon