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Malaysian palm oil pricerises anticipating lower output growth, gains in soyoil


  • Palm Oil
  • Saturday, 2 Jun 2018

The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 0.41 percent at 2,439 ringgit ($613.28)a tonne by the close.   Trading volume stood at 26,414 lots of 25 tonnes each at the break

The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 0.41 percent at 2,439 ringgit ($613.28)a tonne by the close. Trading volume stood at 26,414 lots of 25 tonnes each at the break

MUMBAI: Malaysian palm oil futures rose on Friday tracking rival soyoil and on expectations of a marginal rise in the country's palm oil output, although a fall in exports in May capped the gains.

The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 0.41 percent at 2,439 ringgit ($613.28)a tonne by the close.

Palm Oil , Plantations , Markets

   

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