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Palm rebounds from one-week low to edge up on export data


  • Palm Oil
  • Tuesday, 27 Mar 2018

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 0.25 percent to 2,434 ringgit ($625.06) a tonne at the close. It earlier fell to 2,412 ringgit, its lowest since March 20.  Trading volumes stood at 29,222 lots of 25 tonnes each on Monday evening.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 0.25 percent to 2,434 ringgit ($625.06) a tonne at the close. It earlier fell to 2,412 ringgit, its lowest since March 20. Trading volumes stood at 29,222 lots of 25 tonnes each on Monday evening.

KUALA LUMPUR: Malaysian palm oil futures rebounded from losses earlier in the day to rise on Monday evening, lifted by improving export data and technical buying.

The market had earlier hit a one-week low, weighed down by a stronger ringgit.

Palm Oil , Plantations , Markets

   

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