Markets

Palm tracks rival edible oils, crude oil higher at open

Published April 22, 2025 Updated April 22, 2025 11:16am
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KUALA LUMPUR: Malaysian palm oil futures opened higher on Tuesday, and were set to snap six straight sessions of losses, tracking gains in rival edible oils and stronger crude oil prices.

Palm opens lower on weaker rivals, crude oil prices

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange added 14 ringgit, or 0.36%, to 3,924 ringgit ($896.30) a metric ton in early trade.