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Palm gains marginally after stocks rise below forecast

KUALA LUMPUR: Malaysian palm oil futures reversed early losses to edge higher on Tuesday, after a key industry data showed inventories rose less than expected. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 2 ringgit, or 0.05%, to 4,260 ringgit ($1,052.63) a metric ton at the close. The Malaysian Palm Oil Board’s data was market-friendly,…

First reported by Business Recorder 1 source
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  1. Business Recorder

    Palm gains marginally after stocks rise below forecast (opens Business Recorder in a new tab)

    KUALA LUMPUR: Malaysian palm oil futures reversed early losses to edge higher on Tuesday, after a key industry data showed inventories rose less than expected. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange…

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