KUALA LUMPUR: Malaysian palm oil futures finished unchanged on Thursday, after declining 1.2 per cent in the previous session as expectations of only a marginal increase in exports capped prices.
The market is speculating cargo surveyors would report 3 to 4pc increase in exports on Friday, contrary to earlier expectation of strong demand with top buyers securing supplies for Ramazan.
“We were looking at exports of close to a million tonnes for April 1-25 period but now it looks like the number will be around 958,000 tonnes,” said a Kuala Lumpur-based trader.
Read more
On DawnNews
Dear visitor, the comments section is undergoing an overhaul and will return soon.