ADVERTISEMENT

Malaysian palm oil price up 2.4% this week for 3rd weekly gain in four


  • Palm Oil
  • Saturday, 5 Jan 2019

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed up 1 percent at 2,172 ringgit ($525), after touching an intraday high of 2,178 ringgit.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed up 1 percent at 2,172 ringgit ($525), after touching an intraday high of 2,178 ringgit.

KUALA LUMPUR: Malaysian palm oil futures recouped earlier losses to rise 1 percent on Friday, tracking strength in crude oil prices.

Palm had been down at the midday break as concerns over rising inventory levels weighed on the market.

Palm Oil , Markets , Plantations

   

ADVERTISEMENT