Palm Rises on Short-Covering, Firmer Palm Olein, Chicago Soyoil

Palm rises on short-covering, firmer palm olein, Chicago soyoil

KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday, extending gains from the previous session, as short-covering by traders and strength in Dalian palm olein and Chicago soyoil lent support. © New Straits Times Press (M) Bhd

Palm Oil Trade Turning Tide

A subtle yet unmistakable lift has entered the palm oil market, inviting investors to take a more optimistic view of the sector’s near‑term prospects. The prevailing narrative has shifted as a confluence of encouraging elements gains traction. Malaysian palm oil futures have inched upward, buoyed by a combination of favourable weather trends, emerging policy signals and a quietly strengthening demand picture in key consuming nations. Traders are…