Malaysian palm oil/Vegoils: Market factors to watch Thursday May 24


Harvesting oil palm fruit bunches is a skilled job that cannot be automated and relies heavily on manual labour. Photo: Malaysian Palm Oil Council

KUALA Lumpur: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday May 24.

FUNDAMENTALS

* Malaysian palm oil futures declined in trade on Wednesday evening, tracking weakness in crude oil prices and as traders booked profit after the vegetable oil jumped to a six-week high in the
previous session.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Official reserve assets total US$124bil, says BNM
Pakistan’s growth in September quarter slows
NCT Alliance gets nod for acquisition
Foreign investors dump bonds amid rupee slide
Nor Zahidi continues as MPC member
Indonesian stocks notch best year since 2014 on retail flows
Semico’s FY26 to FY27 revenue expected to grow�
CXMT eyes Shanghai listing to fund DRAM expansion
Malaysia Smelting appoints two co-group CEOs�
Alibaba, Abu Dhabi back AI startup MiniMax’s IPO

Others Also Read