ADVERTISEMENT

Malaysian palm oil price climbs to one-week high on rising price outlook


  • Palm Oil
  • Friday, 18 Jan 2019

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 1.1 percent to 2,198 ringgit ($534.53) a tonne in the evening, after climbing to a one-week top of 2,200 ringgit.      Trading volumes stood at 29,988 lots of 25 tonnes each at the end of the trading day.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 1.1 percent to 2,198 ringgit ($534.53) a tonne in the evening, after climbing to a one-week top of 2,200 ringgit. Trading volumes stood at 29,988 lots of 25 tonnes each at the end of the trading day.

KUALA LUMPUR: Malaysian palm oil futures reversed losses in its second half of trade on Thursday, rising to a one-week peak as sentiment turned  bullish on higher price forecasts from an industry conference. 

    The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 1.1 percent to 2,198 ringgit ($534.53) a tonne in the evening, after climbing to a one-week top of 2,200 ringgit.

Palm Oil , Markets , Plantations

   

ADVERTISEMENT