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Malaysian palm oil price hits over 2-month high on weak production outlook


  • Palm Oil
  • Thursday, 10 Jan 2019

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose as much as 1.1 percent to 2,202 ringgit ($535.38) in the second half of trade, its highest level since Oct. 24, before easing some gains. It ended the trading day up 0.2 percent to 2,183 ringgit a tonne.  Trading volumes stood at 36,824 lots of 25 tonnes each at the close of trade.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose as much as 1.1 percent to 2,202 ringgit ($535.38) in the second half of trade, its highest level since Oct. 24, before easing some gains. It ended the trading day up 0.2 percent to 2,183 ringgit a tonne. Trading volumes stood at 36,824 lots of 25 tonnes each at the close of trade.

KUALA LUMPUR: Malaysian palm oil futures rose to an over two-month high on Wednesday evening, charting a second straight day of gains, as traders forecast declining production in the coming months and improving export data.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose as much as 1.1 percent to 2,202 ringgit ($535.38) in the second half of trade, its highest level since Oct. 24, before easing some gains. It ended the trading day up 0.2 percent to 2,183 ringgit a tonne.

Palm Oil , Markets , Plantations

   

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