Palm opens lower on weaker rival oils, crude oil prices
Published Apr 8, 2025
Tridge summary
Malaysian palm oil futures have fallen for the third consecutive session, with the June delivery contract on the Bursa Malaysia Derivatives Exchange dropping by 1.13% to 4,279 ringgit ($957.91) per metric ton. This decline is attributed to weaker rival edible oils and a drop in crude oil prices, amidst concerns about a global trade war and potential recession. Meanwhile, the 23 International Conference BLACK SEA GRAIN.KYIV, scheduled for April 24 in Kyiv, will focus on the development of the grain sector in the Black Sea and Danube region.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Malaysian palm oil futures opened lower on Monday for a third consecutive session, pressured by weaker rival edible oils and lower crude oil prices, as concerns over a global trade war raised fears of a recession and slower economic growth. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 49 ringgit, or 1.13%, to 4,279 ringgit ($957.91) a metric ton in early trade. Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 ...
Source: UkrAgroConsult
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