Palm oil rises on stronger rival oils; set for weekly fall

16 Dec, 2022

JAKARTA: Malaysian palm oil futures rose on Friday, supported by stronger rival vegetable oils and crude oil, but the contract was set to post a weekly decline amid soft export data for the Dec. 1-15 period.

Palm drops due to soft export data, weaker rival oils

Palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 102 ringgit, or 2.62%, to 3,996 ringgit ($903.87) per tonne in early trade.

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