Palm tracks rival vegetable oils higher
Malaysian palm oil futures rose on Wednesday, tracking rival vegetable oils in Dalian Commodity Exchange and overnight gain in Chicago soyoil, recouping some of the previous session’s losses.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 44 ringgit, or 1.13%, to 3,927 ringgit ($834.47) a metric ton as of 0235 GMT. It gained 1.06% in overnight trade.
Read also
Palm oil prices are expected to continue rising after a short-term correction
Georgia reduced wheat imports in April
Brazilian soyabean oil exports jump 47% amid record crop and weak domestic demand
Zimbabwe plans new grain import levies to strengthen food security
Global vegetable oil production to hit record high again – USDA
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon