Palm edges up but higher May inventories weigh

13 Jun, 2023

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday, recouping losses from the previous session, although higher May inventories weighed on the market.

Palm oil surges 3pc ahead of key data, logs second weekly decline

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 19 ringgit, or 0.57%, to 3,368 ringgit ($729.00) a metric ton in early trade.

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