Markets

Palm rises tracking Dalian contract, weaker ringgit

Published July 2, 2025 Updated July 2, 2025 11:08am
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JAKARTA: Malaysian palm oil futures snapped two straight sessions of losses and rose on Wednesday, tracking strength in Dalian's palm oil, higher June export numbers and a weaker ringgit.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 31 ringgit, or 0.78%, to 3,999 ringgit ($948.75) a metric ton in the early trade.