Malaysian palm oil price sees strongest gains in 2 weeks


Malaysian palm oil futures fell to a two-week low in late trade on Tuesday, dropping nearly 1 percent as the market was weighed down by expectations of rising production.

KUALA LUMPUR: Malaysian palm oil futures made their biggest daily gains in two weeks on Tuesday, reversing losses from the previous session, supported by strength in related edible oils.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 2 percent to 2,626 ringgit ($612.98) at the close of trade, its strongest daily gain since July 25.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

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

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read