Palm opens lower on weaker rivals, crude oil prices
Malaysian palm oil futures opened lower on Monday for the sixth consecutive session, weighed down by weaker rival edible oils and crude oil prices, while traders also awaited cargo surveyors’ export estimates.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 26 ringgit, or 0.65%, to 3,949 ringgit ($898.93) a metric ton in early trade.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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