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The May palm oil contract on the Malaysian Derivatives Exchange (MDEX) ended this Friday's session (14) with a slight increase of 2.25 points and 0.25%, at US$ 888.25/tonne - however, the weekly accumulated was a decrease of 1.11%; June's value fell by 2.75 points and 0.33%, to US$ 840.75/tonne.
Support for uncertainty regarding the renewal of the grain agreement in Eastern Europe. This week, Kremlin spokesman Dmitry Peskov said the prospects for an extension were not good.
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Furthermore, India's palm oil imports increased by 24% in March compared to the previous month, to 728.5 thousand tons.
However, Malaysia's exports from April 1 to 10 fell by 16.2% to 408.6 thousand tonnes, compared to 487.5 thousand tonnes shipped during the same period in March.
Source: datagro
