VEGOILS-Palm rebounds after declining for two days

VEGOILS-Palm rebounds after declining for two days

Today·2021-04-27 13:03

JAKARTA, April 27 - Malaysian palm oil futuresrose 1.65% on Tuesday, rebounding after two straight sessions oflosses fuelled by fears of weaker demand from India as theworld's top vegetable oil importer battles a surge incoronavirus infections.

The benchmark palm oil contract for July deliveryon the Bursa Malaysia Derivatives Exchange traded at 3,920ringgit ($956.56) a tonne when the market opened.

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