Palm oil snaps three days of losses after strong exports data
Malaysian palm oil futures on Friday regained some ground lost this week, helped by robust exports and tracking a rise in other oils.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange climbed 33 ringgit or 0.84% to 3,951 ringgit ($848.04) during early trade, snapping three days of losses.
Even so, the contract is poised to lose 1% for the week.
Read also
Black Sea & Danube: Crop and Export Forecast
Rapid exports of Ukrainian flour to China unlikely despite market opening
Soybean harvest begins in Argentina
Ukraine, Syria and Turkey discuss logistical routes bypassing the Strait of Hormuz
Brazil ships first DDG batch to China, opening new feed market
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon