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Malaysian palm oil price pares gains after early rise as strength in related oils eases


  • Palm Oil
  • Thursday, 3 May 2018

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 0.04 percent at 2,363 ringgit ($600.81) a tonne at the close of trade, its first gain in seven days.  Trading volumes stood at 30,072 lots of 25 tonnes each on Wednesday evening.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 0.04 percent at 2,363 ringgit ($600.81) a tonne at the close of trade, its first gain in seven days. Trading volumes stood at 30,072 lots of 25 tonnes each on Wednesday evening.

KUALA LUMPUR: Malaysian palm oil futures rose on the back of a weaker ringgit in its early session on Wednesday, but pared gains in the second half of trade as strength in related edible oils eased.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 0.04 percent at 2,363 ringgit ($600.81) a tonne at the close of trade, its first gain in seven days.

Palm Oil , Plantations , Markets

   

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