Palm oil prices at Bursa Malaysia increase by 1%

In today's morning trading on Bursa Malaysia, palm oil futures prices rose more than 1%. That's the strongest price increase in a week. Exports were better than expected. In addition, the prices of other vegetable oil derivatives also rose.
The most-traded October 18 date went into the lunch break with 2,171 ringgit / tons. This is 0.9% more than yesterday at the end. Previously, 2,176 ringgit had already been traded; the highest price since the 18th of July.
So far, 18,518 lots a'25 tons have been handled today.
Yesterday, soy oil prices also rose at the CBoT. This was accompanied by firmer soybean prices, as prices rose on the announcement of the US government's intention to pay US farms up to 12 billion in compensation for the consequences of the commercial dispute.
After initially rising 0.9%, soy oil prices on the CBoT finally fell back into the red (-0.1%). However, the increase also supported palm oil prices, but further price increases are considered less likely due to rising production.
The export of palm oil from Malaysia in the period from 1 to 25 July increased by 5% over the same period in June, according to the market observer AmSpec Agri Malaysia.
Soybean oil prices in Chinese Dalian rose by 0.3% and palm oil production by 0.4%. At CBoT, soybean oil is rated 0.07% weaker at the moment.
Text: HANSA Derivatives Trading GmbH /

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