Palm oil tracks Dalian rivals lower; set for third weekly gain
Malaysian palm oil futures eased on Friday as it reopened after a public holiday, weighed down by a decline in Dalian edible oils prices, although the contract was set for a third weekly rise on forecast of lower output.
The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange fell 17 ringgit, or 0.43%, to 3,977 ringgit ($841.16) a metric ton in morning trade.
For the week, palm has risen 0.8% so far.
Read also
Wheat in Southern Brazil Impacted by Dry Weather and Frosts
Oilseed Industry. Leaders and Strategies in the Times of a Great Change
Black Sea & Danube Region: Oilseed and Vegoil Markets Within Ongoing Transfor...
Serbia. The drought will cause extremely high losses for farmers this year
2023/24 Safrinha Corn in Brazil 91% Harvested
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon