Malaysian palm oil futures rise on higher crude prices
Malaysian palm oil futures gained on Monday, supported by higher crude oil prices and firmer Chicago soy oil.
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Malaysian palm oil futures gained on Monday, supported by higher crude oil prices and firmer Chicago soy oil.
Malaysian palm oil futures rose for a second straight session, helped by firmer Dalian oils and higher crude oil prices. The November FCPOc3 contract added 29 ringgit to 4,958 ringgit.
Malaysian palm oil futures opened higher on Friday, supported by firmer crude oil prices and rival Dalian oils. Benchmark FCPOc3 for November delivery gained 40… and is on track for a weekly gain after last week’s decline.
Malaysian palm oil futures extend gains around MYR 4,725 per tonne and are set for a second straight weekly advance, with export shipment estimates and stronger India import demand cited as support.