Palm range-bound on Chicago soyoil weakness, lower Jan export forecast
Malaysian palm oil futures moved in a tight range on Monday amid weakness in the Chicago soyoil contract and estimated lower January exports in the country.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 2 ringgit, or 0.05%, to 4,218 ringgit ($964.33) a metric ton in early trade. The contract rose 0.62% in the previous session.
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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