Palm oil tracks Dalian rivals lower; set for third weekly gain
Malaysian palm oil futures eased on Friday as it reopened after a public holiday, weighed down by a decline in Dalian edible oils prices, although the contract was set for a third weekly rise on forecast of lower output.
The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange fell 17 ringgit, or 0.43%, to 3,977 ringgit ($841.16) a metric ton in morning trade.
For the week, palm has risen 0.8% so far.
Read also
Ukraine’s sunflower market in MY 2026/27: will processing and exports be sufficient
US and China discuss cutting duties on agricultural products and energy
Beef oversupply in Mexico pressures producer prices
Canada nearly triples barley exports since the start of the season
Sunseed prices in Russia have nearly halved since the start of the year
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon