Palm rises mirroring rival soyoil, crude oil

of 0232 GMT. Soyoil on the Chicago Board of Trade (CBOT) was up 0.44 per cent. Dalian’s most active soyoil contract gained 0.95 per cent and its palm oil contract rose 0.54 per cent. Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market. Oil prices ticked up in early trading after ending the previous session up more than 4 per cent on worries that the Iran-Israel conflict could disrupt supplies. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. Cargo surveyor Intertek Testing Services said exports of Malaysian palm oil products for June 1-15 rose 26.3 per cent, compared to May 1-15, while according to independent inspection company, AmSpec Agri Malaysia the shipments rose 17.8 per cent. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is ...