Malaysian palm oil prices increased 2.5 percent

In Malaysia, the future supply price of palm oil has risen by up to 2 percent. This was due to the rise in crude palm oil and soybean oil prices on Wednesday. Palm oil rose 2.53 percent to 924.87 a tonne on the Busra Malaysia Derivatives Exchange in July. However, the price of edible oil fell by 0.8 percent in the last session. News Reuters.

According to Malaysian cargo surveyors, Malaysia’s palm oil exports increased by 10 percent between April 1 and 20, compared to the previous month’s rate of 12.7 percent.

Sunbd/NJ