Palm rises on crude oil strength, weaker softs cap gains
Malaysian palm oil futures followed crude oil prices higher on Tuesday, although gains were limited by weaker soft oils.
The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange rose 36 ringgit, or 0.92%, to 3,955 ringgit ($837.92) a metric ton by 0236 GMT.
It had gained 0.18% in overnight trade.
Read also
India increased imports of vegetable oils by 40% in November, especially soybean a...
Romania increases rapeseed area for 2025 harvest
Conab forecasts record grain production in Brazil in MY 2024/25
Monsoon season drives continued decline in CPO production
USDA raises corn, soybean oil export forecasts
Write to us
Our manager will contact you soon