Palm oil snaps four-day rally on weaker rival soyoil and crude
Malaysian palm oil futures snapped a four-session rally on Tuesday, weighed down by rival soyoil at the Dalian and Chicago markets and the fall of crude prices.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange lost 84 ringgit, or 2.04%, to 4,042 ringgit ($950.39) a metric ton in early trade.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
China extends Canadian canola probe until March 2026
US agricultural sales to increase by $8 bln following agreement with Japan
China’s soybean stocks hit record high amid trade war with US
ADM expands grain terminal in Canada
Developing countries will continue to increase their share in global potato produc...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon