Palm Oil Rises Further Ahead of MPOB Monthly Report

Malaysian palm oil futures extended gains, hovering above MYR 4,500 per tonne as firmer edible oil markets in China’s Dalian and Chicago exchanges provided support. Stronger export demand also lifted prices, with cargo surveyors estimating July 1–5 palm oil shipments rose between 10.6% and 11.1% from the same period in June. However, further gains were ...

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