Palm opens lower on weaker Chicago soyoil, crude oil
Malaysian palm oil futures opened lower on Friday, weighed down by weaker Chicago soyoil and crude oil prices as US President Donald Trump’s reciprocal tariffs kicked into high gear a global trade war that threatens to stoke inflation and stall growth.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 92 ringgit, or 2.05%, to 4,397 ringgit ($993.67) a metric ton in early trade.
The contract fell 0.62% on Thursday.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
AgriSupp Data Constructor – create personalized subscription package!
Competition from wheat and mustard keeps chickpeas acreage in check in India
Reduced growth in palm oil production in Malaysia contributes to rising prices
US agricultural associations welcome new USDA export initiative
USDA’s 2026 cattle production forecast is far below expectations
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon