Palm rises on higher rival soyoil, crude oil
Malaysian palm oil futures jumped on Monday, extending gains for three straight sessions, tracking rival soyoil at Chicago and Dalian markets, and pulled up by crude oil’s rally amid geopolitical tensions.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 127 ringgit, or 3.24%, to 4,049 ringgit ($954.05) a metric ton by 0231 GMT.
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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