Palm oil rises as July Bursa Malaysia contract ends 42 ringgit higher
Updated
Updated · The Wall Street Journal · Apr 30
Palm oil rises as July Bursa Malaysia contract ends 42 ringgit higher
13 articles · Updated · The Wall Street Journal · Apr 30
The July Bursa Malaysia Derivatives contract settled at 4,578 ringgit a tonne as supply disruption worries persisted.
Citi analyst Gan Huan Wen said potential El Nino conditions from May through at least end-2026 could lift crude palm oil prices.
He noted CPO prices previously rose 5% during such events and 17% by the end, while Galaxy Futures said Middle East conflict effects, oil trends and high Malaysian inventories remain uncertainties.
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