Palm rises ahead of Trump-Xi meeting; concerns weigh on gains
Malaysian palm oil futures edged higher ahead of the US-China meeting, even as traders expected subdued demand to limit stock gains.
Malaysian palm oil futures edged higher on Tuesday as markets awaited the upcoming meeting between the presidents of the US and China, while traders expected stocks to rise amid subdued demand. The benchmark palm oil contract (FCPOc3) for December delivery on the Bursa Malaysia Derivatives Exchange was higher.