Malaysian palm oil price rises for 3rd session as rival oils gain


The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed 0.3% higher at 2,259 ringgit ($540.69). Dalian's January palm oil contract last rose 0.6% while the January soyoil contract rose 1%

SINGAPORE: Malaysian palm oil rose for a third consecutive session on Thursday buoyed by ongoing strength in rival oils on the Dalian Commodities Exchange, though a stronger ringgit capped gains.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed 0.3% higher at 2,259 ringgit ($540.69).

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Trading ideas: TCS, Handal, Binastra, DLMI, Hibiscus, Cape EMS, Dialog, Star, APM, Comfort, Hextar
Oil settles flat on partial restart of Sverdrup field
Dutch Lady’s 3Q24 net profit rises
Bank Negara committed to supporting country’s cash economy
Innovation, collaboration key to drive market resilience
TCS bags Sabah Pan Borneo Highway deal
New launches poised to propel Matrix Concepts
Dialog quarterly bottom line rises 14%
Cape EMS registers loss-making third quarter
Eden wins RM20mil govt contract

Others Also Read