Malaysian palm edges up on stronger soyoil


The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last up 0.3% at 2,187 ringgit ($521.96) per tonne at the close of trade. It earlier rose as much as 1.7% to an intraday top of 2,217 ringgit.

KUALA LUMPUR: Malaysian palm oil futures rose over 1% on Wednesday before paring some gains, lifted by higher overnight prices of soyoil on the Chicago Board of Trade (CBOT) and a technical correction.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last up 0.3% at 2,187 ringgit ($521.96) per tonne at the close of trade.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

MCE to acquire 50% stake in FP Project for RM1.9mil
MTT Shipping and Logistics IPO oversubscribed 2.7 times ahead of Main Market listing
FBM KLCI slips on profit-taking amid ceasefire uncertainty
Dollar steadies but struggles to bounce back as fragile US-Iran ceasefire keeps markets wary
Alliance Bank offers targeted relief to support customers amid global uncertainties
S P Setia previews Erica terrace homes in Sepang with GDV of RM93.6mil
Gold steady as investors eye US-Iran ceasefire, brace for inflation�data
Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit, raises forecast
Budi95 is seen as a right step in targeted fuel subsidy reform for Malaysia, says World Bank
Tycoon Syed Mokhtar said to mull property company IPO

Others Also Read