Palm oil closes this Wednesday's session with a slight drop

Óleo de palma fecha a sessão desta 4ª feira em leve baixa

The December contract Palm oil on the Malaysian Derivatives Exchange (MDEX) ended this Wednesday's session (29) with a slight drop of 2.50 points and 0.31%, at US$ 801.75/tonne – weekly decrease of 0.71%, but gain of 4.84% in the month; that of January depreciated 3.25 points and 0.39%, to US$ 820.75/tonne.

Pressure for the Malaysian ringgit to rise against the US dollar, making the commodity less attractive for purchases in foreign currency.

The widespread decline in the Asian vegetable oil market has affected prices. On the Dalian Stock Exchange (DCE), palm oil recorded a loss of 1.11%, while soybean oil lost 0.05%.

The market continues to follow the dispute at the World Trade Organization (WTO) between Indonesia and the European Union.

Source: datagro

Facebook
twitter
LinkedIn

Aboissa supports

Stay up to date with news
and the best opportunities in
agribusiness – sign up now!

Asia

Saudi Arabia

Bangladesh

China

South Korea

United Arab Emirates

Philippines

Hong Kong

India

Indonesia

Iraq

Jordan

Lebanon

Malaysia

Oman

qatar

singapore

Türkiye

Vietnam

America

Argentina

Bolivia

Brazil

Canada

Chile

Colombia

Costa Rica

Cuba

Ecuador

U.S

Guatemala

british virgin islands

Mexico

Nicaragua

Panama

Paraguay

Peru

Dominican Republic

Suriname

Uruguay

Venezuela

Africa

South Africa

Angola

Algeria

Cameroon

Costa do Marfim

Egypt

Ghana

Mauricio Islands

Liberia

Morocco

Nigeria

Kenya

Senegal

Sierra Leone

Sudan

Togo

Tunisia

Europe

Albania

Germany

Belgium

Bulgaria

Cyprus

Spain

Estonia

Finland

France

England

Ireland

Italy

Lithuania

Poland

Portugal

Romania

Russia

Serbia

Sweden

Switzerland

Türkiye

Ukraine

Oceania

Australia

New Zealand

Request a quote!

Fill out the form and get support for your business needs.
Our experts are ready to offer customized solutions.

*We are currently not working with intermediaries.

By providing my data, I agree with the Privacy Policy.