Palm rangebound, but poised for first weekly gain in three weeks
KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday and posted their first weekly gain in three weeks, as forecasts of a price recovery in the coming months at a key industry conference boosted sentiment. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 22 ringgit, or 0.5%, to 4,462 ringgit ($1,093.09) a metric ton at the close.…
Full coverage
Palm rangebound, but poised for first weekly gain in three weeks (opens Business Recorder in a new tab)
KUALA LUMPUR: Malaysian palm oil futures traded in a tight range on Friday, but remained on course for their first weekly gain in three weeks as traders awaited price outlooks at a key industry conference and details of a planned Indonesian service fee. The…
Palm oil post first weekly gain in three weeks (opens Business Recorder in a new tab)
KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday and posted their first weekly gain in three weeks, as forecasts of a price recovery in the coming months at a key industry conference boosted sentiment. The benchmark palm oil contract for…
