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Palm sets third weekly gain on Ramadan demand, production declines – Global Rubber Market News

Summary by Global Rubber Markets
KUALA LUMPUR: Malaysian palm oil futures closed higher on Friday, logging a third straight week of gains, supported by a weaker ringgit, anticipated Ramadan demand and seasonal production declines. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange climbed 102 ringgit, or 2.32%, to 4,505 ringgit ($1,015.33) a metric ton […] Source
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Palm sets third weekly gain on Ramadan demand, production declines – Global Rubber Market News

KUALA LUMPUR: Malaysian palm oil futures closed higher on Friday, logging a third straight week of gains, supported by a weaker ringgit, anticipated Ramadan demand and seasonal production declines. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange climbed 102 ringgit, or 2.32%, to 4,505 ringgit ($1,015.33) a metric ton […] Source

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Global Rubber Markets broke the news in on Friday, February 7, 2025.
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