Palm slips on firmer ringgit; stronger rival oils, crude limit fall
Malaysian palm oil futures opened lower on Wednesday, after two sessions of gains, as a firmer ringgit weighed down the market while stronger rival edible oils and crude oil prices limited the fall.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 16 ringgit, or 0.41%, to 3,892 ringgit ($910.84) a metric ton in early trade.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Climate change enables oat cultivation in Northern Europe
Global potato market is in a fever, overproduction is putting pressure on prices
Ukraine could benefit from renewed Chinese purchases of American soybeans
Canada has reduced canola and pea exports this season
Brazil to expand Amazon River flow for year-round soy and corn exports
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon