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Palm oil ticks up on production worries, stronger rival oils

Published January 24, 2024 Updated January 24, 2024 10:57am
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Photo: Reuters
Photo: Reuters
By Reuters
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BEIJING: Malaysian palm oil futures edged higher for a second session on Wednesday, underpinned by expectations of lower production in the world’s second largest producer and tracking gains in rival edible oils.

Palm oil rebounds on severe rain concerns, Chinese demand

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 19 ringgit, or 0.48%, to 3,967 ringgit ($838.16) a metric ton in early trade.

Palm Oil

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