MDEX: Palm oil prices fall amid volatility in the energy market.

The April contract of palm oil closed the session this Wednesday (18) with a moderate drop of 0.71% in Malaysian Derivatives Exchange (MDEX)The price for the commodity is quoted at US$1,150.75/ton. The May contract fell 1.00% to US$1,159.00/ton. So far this week, futures for the commodity have accumulated losses of 0.20% and 0.19%, respectively. 

In this trading session, commodity prices were pressured by negative palm oil yields. Dalian Exchange (DCE), which registered a 2.08% drop in the session, while soybean oil retreated 0.88% in the Chinese index. 

Furthermore, prices continue to be affected by market volatility. oil, amidst the crisis in Middle EastHigher fuel prices make the commodity a more attractive option as a feedstock for biodiesel.

THE Malaysian ringworm appreciated by 0.31% compared to dollarThis factor makes palm oil more expensive for foreign buyers. 

This text was translated by machine from Brazilian Portuguese.