Markets

Palm oil opens higher on stronger rival oils, crude oil prices

Published April 25, 2025 Updated April 25, 2025 10:59am
By

KUALA LUMPUR: Malaysian palm oil futures rose on Friday, supported by gains in rival edible oils and stronger crude oil prices.

Palm futures steady as rising output, strong ringgit offsets boost from rival oils

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange gained 95 ringgit, or 2.35%, to 4,131 ringgit a metric ton in early trade.