MARKET DEVELOPMENT
Palm oil rebounds but on course for second weekly decline
Palm oil rebounds but on course for second weekly decline
04/08/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Friday from a one-month closing low in the previous session, although the contract is headed for a second weekly loss.
The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange gained 45 ringgit, or 1.18%, to 3,869 ringgit ($851.27) a metric ton during early trade.
For the week, the contract has declined 3.45% so far.
Source: Reuters
https://www.brecorder.com/news/40256234