PALM oil futures prices may rise for an eighth week in Malaysia, which produces half of the world's palm oil crop, because of falling estimates for the rival soybean harvest in Brazil.
Five out of nine traders, investors and producers polled in Kuala Lumpur and Jakarta said they would buy the commodity, which is crushed to make edible oil. Four recommended holding the contract.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!