BR100 Increased By (2.8%)
BR30 Increased By (3.57%)
KSE100 Increased By (2.38%)
KSE30 Increased By (2.44%)
AGHA 6.12 Increased By ▲ 0.09 (1.49%)
BECO 4.16 Increased By ▲ 0.30 (7.77%)
BML 62.73 Increased By ▲ 1.73 (2.84%)
BOP 30.90 Increased By ▲ 2.81 (10%)
CNERGY 11.97 Increased By ▲ 0.23 (1.96%)
CSIL 5.42 Increased By ▲ 0.12 (2.26%)
FCCL 56.78 Increased By ▲ 2.32 (4.26%)
FFL 13.34 Increased By ▲ 0.27 (2.07%)
FNEL 1.15 Increased By ▲ 0.04 (3.6%)
KEL 6.00 Increased By ▲ 0.37 (6.57%)
KOSM 5.48 Increased By ▲ 0.14 (2.62%)
LOTCHEM 24.37 Increased By ▲ 0.54 (2.27%)
MLCF 97.49 Increased By ▲ 4.51 (4.85%)
NBP 174.50 Increased By ▲ 11.30 (6.92%)
NCPL 48.47 Increased By ▲ 0.20 (0.41%)
NPL 50.23 Increased By ▲ 0.52 (1.05%)
OGDC 310.47 Increased By ▲ 6.84 (2.25%)
PACE 9.05 Increased By ▲ 0.08 (0.89%)
PAEL 33.07 Increased By ▲ 1.16 (3.64%)
PIBTL 13.15 Increased By ▲ 0.41 (3.22%)
PPL 217.17 Increased By ▲ 4.26 (2%)
PRL 85.66 Increased By ▲ 1.32 (1.57%)
PTC 46.19 Increased By ▲ 1.20 (2.67%)
SSGC 23.32 Increased By ▲ 0.49 (2.15%)
TBL 9.02 Increased By ▲ 0.14 (1.58%)
TELE 6.73 Increased By ▲ 0.23 (3.54%)
TPL 26.10 Increased By ▲ 1.84 (7.58%)
TPLP 12.67 Increased By ▲ 0.68 (5.67%)
TREET 23.80 Increased By ▲ 0.66 (2.85%)
TRG 53.17 Increased By ▲ 1.70 (3.3%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices IMF-World Bank meetings Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Markets

Palm oil nears one-month high on hopes of bullish USDA report

  • The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 108 ringgit, or 3.14%, to 3,543 ringgit ($872.88) a tonne during early trade.
Published Updated
Save
1 min
Comments
By Reuters

KUALA LUMPUR: Malaysian palm oil futures jumped 3% to hit a near one-month high on Tuesday, as rival Dalian and soyoil strengthened ahead of a US Department of Agriculture (USDA) report that is pegged to show tighter global supplies.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 108 ringgit, or 3.14%, to 3,543 ringgit ($872.88) a tonne during early trade.

Palm rose for a fourth straight session to its highest since Jan. 15. Investors are looking to the next USDA report due Tuesday, as well as Malaysian Palm Oil Board data due Wednesday.

USDA Oil Palm

Comments

Comments are closed for this article.

More Stories

Browse all stories