ADVERTISEMENT

Malaysian palm oil price edges up from 3-year low, but inventories weigh


  • Palm Oil
  • Thursday, 29 Nov 2018

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 0.5 percent at 1,975 ringgit ($471.02) per tonne by the midday break on Wednesday.  Traded volumes stood at 12,725 lots of 25 tonnes each by midday

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 0.5 percent at 1,975 ringgit ($471.02) per tonne by the midday break on Wednesday. Traded volumes stood at 12,725 lots of 25 tonnes each by midday

JAKARTA: Palm oil futures in Malaysia rose from a more than three-year low on Wednesday, helped by a weaker ringgit, but soft demand and high inventory levels kept prices under pressure.

Palm touched its lowest since August, 2015 a day earlier, falling a total of 4.4 percent over three consecutive sessions to Tuesday.

Palm Oil , Markets , Plantations

   

ADVERTISEMENT