Palm recoups losses on shrinking inventory outlook

06 Apr, 2023

KUALA LUMPUR: Malaysian palm oil futures climbed on Thursday, regaining some ground lost in the previous session, as expectations of a sharp drop in March stockpiles underpinned the market.

Palm oil ends two-day rally

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange gained 26 ringgit, or 0.67%, to 3,894 ringgit ($885.00) a tonne in early trade.

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