Malaysian palm oil futures slipped on Monday as a stronger ringgit and expectations for higher production offset data showing an increase in export shipments.
KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday tracking crude oil gains, but traders said the higher prices were not sustainable due to expectations of strong production numbers for October.
On the Bursa Malaysia Derivatives Exchange the benchmark palm oil contract for January delivery closed up 0.8 percent at 2,837 ringgit ($670.69) a tonne.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
