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Malaysian palm oil price snaps losing streak on improved demand


  • Palm Oil
  • Tuesday, 17 Jul 2018

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,173 ringgit ($537.87) a tonne at the close of trade, its strongest daily gain in over two weeks.  Trading volume stood at 48,843 lots of 25 tonnes each at the close of trade.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,173 ringgit ($537.87) a tonne at the close of trade, its strongest daily gain in over two weeks. Trading volume stood at 48,843 lots of 25 tonnes each at the close of trade.

KUALA LUMPUR: Malaysian palm oil futures snapped four earlier sessions of losses to gain on Monday evening on the back of improved demand and a market retracement, according to traders. 

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,173 ringgit ($537.87) a tonne at the close of trade, its strongest daily gain in over two weeks.

Palm Oil , Plantations , Markets

   

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