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MALAYSIAN PALM OIL FUTURES UP BY 1.15% ON LOWER INVENTORIES - vyaparsampark.com
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Malaysian palm oil futures for April delivery rose by RM 45 or 1.15% to RM 3946 ($ 825.18) per ton by mid-day today 14/2/2024 on lower January end inventories, but absense of China buying limited the gains. Availability of rival edible oils at discounts also limited the gains. Soy oil prices on Chicago Board fell by 0.77% . Higher  petrolium crude oil prices supported palm oil prices. Malaysian palm oil January inventories moved to 6 months low at 2.02 million tons dropping by 11.83% from the previous month.