Malaysian palm oil price dips on firmer ringgit


Malaysian palm oil futures rose more than 1 percent on Friday evening, charting a third straight day of gains, supported by a weaker ringgit MYR= and rising related edible oils.

KUALA LUMPUR: Malaysian palm oil futures slipped on Monday as a stronger ringgit and expectations for higher production offset data showing an increase in export shipments.

Shipments of Malaysian palm oil products for July 1-15 rose about 18 percent from a month earlier, data released by cargo surveyors Intertek Testing Services and Societe Generale de Surveillance showed.

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palm oil , cpo , price , futures , markets , Bursa , derivatives , soybean oil ,

   

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