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Malaysian palm oil price rises on bullish market outlook


  • Palm Oil
  • Wednesday, 6 Mar 2019

Prices are likely to be supported in 2019, leading palm industry analyst James Fry(pic) said on Tuesday, supported by rising consumption, falling inventories and slowing growth in production of the edible oil.

Prices are likely to be supported in 2019, leading palm industry analyst James Fry(pic) said on Tuesday, supported by rising consumption, falling inventories and slowing growth in production of the edible oil.

KUALA LUMPUR: Malaysian palm oil futures inched higher on Tuesday, with traders expecting more upbeat outlooks from participants at an industry conference this week.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed up 0.5 percent at 2,160 ringgit ($530) a tonne.

Palm Oil , Plantations , Markets

   

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