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
Soybean and rapeseed prices are rising despite an improvement in the global oilsee...
Lower maize stocks in the US outweighed the rise in global production
Kazakhstan is reducing its wheat acreage in favour of oilseed crops
The US Department of Agriculture (USDA) forecasts an increase in Ukraine’s grain h...
Ukraine agrees with Moldova on 50% discount for rail transit
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon