MDEX: Palm oil closes lower on Tuesday after negative yield on DCE.

The May contract for palm oil closed Tuesday's session (7) with a sharp drop of 1.07% on the Malaysian Derivatives Exchange (MDEX), quoted at US$ 1,173.50/ton. The June contract fell 0.98%, to US$ 1,182.25/ton. In this trading session, commodity prices were pressured by the negative yield of palm oil in Dalian Exchange (DCE), which closed down 0.36%. On the other hand, the soybean oil Palm oil prices advanced 0.85%. Limiting further losses, palm oil prices continue to be affected by volatility in market values. oil in the international market. Fuel prices were boosted as investor uncertainty grows regarding a ceasefire agreement in Middle East, following new threats from the president of United States, Donald Trumpagainst IranHigher oil prices make palm oil a more attractive option as biodiesel raw materialThe Malaysian ringworm weakened 0.007% compared to dollarThis factor makes palm oil cheaper for foreign buyers. The market is also awaiting the release of official supply and demand data for the commodity. Malaysia, who will be informed by Malaysian Palm Oil Board (MPOB) April 10th.

This text was translated by machine from Brazilian Portuguese.