Malaysian palm oil price rises after six sessions of losses


Lower production: Export of palm oil products declined by 8.2% in 2016 to 23.29 million tonnes from 25.37 million tonnes a year ago, mainly due to lower production.

KUALA LUMPUR: Malaysian palm oil futures recorded their biggest daily gain in two weeks on Thursday, ending six sessions of losses as they tracked strength in soyoil and were helped by a  technical correction.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange closed up 1.6 percent at 2,504 ringgit ($569.61) a tonne.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Golden Destinations debuts on ACE Market, marks Asean first for travel B2B
Malaysia's wealthiest tycoons grew fortunes by 30%
FBM KLCI moves slightly higher as traders practise caution
Ringgit edges up vs greenback on US-Iran talks hope
Asia markets advance on peace deal hopes, corporate earnings
S&P Global downgrades ASX after Australian regulator finds governance, risk failures
Trading ideas: Uzma, Tuju Setia, Dialog, LBS, Tropicana, MGB, Ni Hsin, Sunway, Country Heights, Infomina
SupportLine
Locked-in feed costs an advantage for Teo Seng Capital
Deleum’s RM2.5bil order book to fuel growth

Others Also Read