VEGOILS-Palm trades lower after Malaysian palm oil data
The price of Malaysian palm futures dropped on Tuesday, after the data released by the industry regulator confirmed that market expectations were correct. This was due to a decline in Malaysian stocks, production and exports. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives…
Palm trades lower and is set to lose money for the week; Malaysia data is eyed
The market expects the Malaysian Palm Oil Board (MPOB) to release its data next week. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange fell 32 ringgit or 0.82% to 3,885 Ringgit ($897.23) per metric tonne. This week, the contract has fallen by 2.31%. Tuesday…
Palm oil prices close higher, but the third weekly decline is recorded.
Malaysian palm futures rose Friday, boosted by the stronger Dalian and Chicago contracts, and higher crude oil prices. However, they suffered a third successive weekly loss. By the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was up 42 ringgit or 1.13% at $3,746 ringgit ($848.47).
Palm oil is boosted by gains in competing oils but will still drop for a third consecutive week
Malaysian palm futures rose on Friday, boosted by the stronger Dalian and Chicago contracts, and higher crude oil prices. However, they remain on course for a loss of a third week in a row. By midday, the benchmark palm oil contract on Bursa Derivatives exchange for October delivery was up 59 Ringgit or 1.59% at $3763 Ringgit ($844.29) per metric ton.
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