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Malaysian palm oil price rebounds from one-week low on stronger crude prices


  • Palm Oil
  • Saturday, 12 Jan 2019

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 0.4 percent to 2,171 ringgit ($530.29) a tonne at the close of trade.  It earlier fell to 2,146 ringgit, its lowest since Jan. 4, but traded flat for the week.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 0.4 percent to 2,171 ringgit ($530.29) a tonne at the close of trade. It earlier fell to 2,146 ringgit, its lowest since Jan. 4, but traded flat for the week.

KUALA LUMPUR: Malaysian palm oil futures rebounded from a one-week low on Friday, tracking rises in crude oil prices.

The market earlier fell on concerns of oversupply and overnight soyoil weakness on the Chicago Board of Trade (CBOT).

Palm Oil , Markets , Plantations

   

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