Palm oil rose in the Asian session, with the Bursa Malaysia Derivatives contract for September delivery ending 21 ringgit higher at 4,589 ringgit a ton. Crude palm oil prices will likely hover around 4,500 ringgit a ton this week, Nomura analysts say in a note. Prices should remain relatively steady as concerns over weaker oil prices are offset by growing exports and a weaker ringgit, they say. If exports weaken, CPO prices could decline to roughly 4,400 ringgit a ton, Nomura says. ([email protected])
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Palm Oil Rises; Prices May Remain Steady This Week — Market Talk
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Palm oil rose in the Asian session, with the Bursa Malaysia Derivatives contract for September delivery ending 21 ringgit higher at 4,589 ringgit a ton. Crude palm oil prices will likely hover around 4,500 ringgit a ton this week, Nomura analysts say in a note. Prices should remain relatively stead…