Palm oil trades sideways ahead of cargo surveyor data
Malaysian palm oil futures traded sideways on Wednesday as market participants awaited July export data from cargo surveyors for direction.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange lost 10 ringgit, or 0.26%, to 3,905 ringgit ($847.26) a metric ton by 0237 GMT. It traded between 3,881 ringgit and 3,917 ringgit in early trade.
For the month, the contract was down 0.15%.
Read also
EU corn crop may fall to a 20-year low, boosting import demand
Alternative routes could add $3 bln to Ukraine’s agricultural export costs
Tanzania plans to double sunflower production and develop oil exports
Asia is shifting its grain purchases away from the Black Sea region towards other ...
Coming Up in UkrAgroConsult Reports: Key Market Signals
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon