MDEX: Palm oil closes moderately lower on Monday.

The May contract of palm oil closed the session this Monday (27) with a moderate drop of 0.88% in Malaysian Derivatives Exchange (MDEX)The price for the futures contract was quoted at US$1,129.75/ton. The June contract fell 1.04% to US$1,139.75/ton. 

In this trading session, commodity prices were pressured by negative palm oil yields. Dalian Exchange (DCE), which registered stability with a downward bias (-0.05%), while soybean oil retreated 0.45%.

Furthermore, Malaysian cargo inspection companies estimate that exports of palm oil derivatives from the country fell between 15.7% and 16.8% between April 1st and 25th. 

THE Malaysian ringgit It appreciated 0.3% against the dollar, making the commodity more expensive for foreign buyers.

This text was translated by machine from Brazilian Portuguese.