Malaysian palm oil prices firm in early trade on supply concerns

20 Dec, 2023

NEW DELHI: Malaysian palm oil futures rose in early trade on Wednesday due to concerns over lower production and falling stocks in the world’s top suppliers.

Palm gains on mounting concerns over production

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 32 ringgit, or 0.85%, to 3,787 ringgit ($815.46) in early trade.

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