empty
 
 

27.07.202603:34:32UTC+00Palm Oil Pulls Back from April High as Crude Oil Slips

Malaysian palm oil futures fell back below MYR 4,700 per tonne, breaking their recent upward streak after reaching their highest level since early April. The retreat was driven by profit-taking, a stronger ringgit, and declines in rival edible oils on the Dalian and Chicago exchanges. A steep drop in crude oil prices added to the pressure, as growing hopes for a diplomatic breakthrough in the Middle East lifted expectations of a normalization in shipping flows through the Strait of Hormuz. Even so, firmer export demand helped contain the downside. Cargo surveyor Intertek Testing Services estimated that exports for July 1–25 were up 15.9% from June. Consumption is also expected to be supported by higher biodiesel blending mandates in Indonesia and Malaysia. In India, the world’s largest importer, palm oil purchases are projected to increase between July and October as tightening edible oil supplies ahead of the festive season drive demand. Weather-related risks remain a key supportive factor, with Kuala Lumpur warning that record-high temperatures could dampen production next year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $4000 अधिक!
    में जुलाई हम आकर्षित करते हैं $4000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें


अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback