ADVERTISEMENT

Malaysian palm oil price edges higher on easing output gains outlook


  • Palm Oil
  • Friday, 30 Nov 2018

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,027 ringgit ($484.58) a tonne at the close, a second straight day of gains after three days of losses.  During the session, it had climbed as much as 1.2 percent to a three-day high of 2,038 ringgit.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,027 ringgit ($484.58) a tonne at the close, a second straight day of gains after three days of losses. During the session, it had climbed as much as 1.2 percent to a three-day high of 2,038 ringgit.

KUALA LUMPUR: Malaysian palm oil futures touched a three-day high on Thursday on expectations that production gains will taper off at the end of the year.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,027 ringgit ($484.58) a tonne at the close, a second straight day of gains after three days of losses.

Palm Oil , Markets , Plantations

   

ADVERTISEMENT