Malaysian palm oil price jumps 2% on stronger export demand


Malaysian palm oil futures made their sharpest daily gains in a month on Thursday, tracking rises in soyoil on the Chicago Board of Trade and supported by a weaker ringgit, traders said

KUALA LUMPUR: Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 2 percent at ,500 ringgit ($612) a tonne at the midday break, its sharpest daily rise since Dec. 15.

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!
palm oil , CPO , markets , futures , derivatives , Bursa , Malaysia , stocks , oil , Dalian , futures ,

Next In Business News

Amanah Hartanah Bumiputera declared 2.5 sen interim income distribution
High jet fuel prices likely to spark structural shakeout in airline industry - aviation experts
Ringgit holds firm at 3.97 vs US$, stronger against major currencies
Bursa backs down as Middle East ceasefire deal in peril
Trading ideas: Inta Bina, Infoline, LSH, PMW, EPB, MNC, Talam, Focus, Kenyalang, Mayu, Perak, Golden, Eckem, MM Computer
Oil falls below US$100 on ceasefire announcement
Potential for nuclear to fill coal power gap
Hartanah cushions margins amid global�volatility
AI,�eCommerce�tailwinds to buoy logistics sector
Perak Transit names Jeffrey Cheong deputy

Others Also Read