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’s mustard sowing lags 25% behind last year due to moisture shortages
Китай продлил торговое перемирие с США на два месяца
European and US wheat prices decline, but Black Sea tensions limit further losses
Indonesia plans to bypass intermediaries in palm oil exports to boost revenues
Egypt cuts corn imports by 35% as Ukrainian shipments come to a complete halt
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon