PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 26 Nov 2024

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MARKET DEVELOPMENT
Palm oil rebounds but on course for second weekly decline
calendar07-08-2023 | linkBusiness Recorder | Share This Post:

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

 

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