MDEX: Palm oil closes slightly lower on Thursday.

The June contract of palm oil ended Thursday's session (7) with a slight drop of 0.22% in Malaysian Derivatives Exchange (MDEX)The price of corn, quoted at US$1,153.75/ton, fell 0.17% to US$1,162.50/ton. On the other hand, so far this week, the commodity has accumulated gains of 0.92% and 1.02%, respectively. In this trading session, commodity prices remained pressured by the significant drop in… oil prices, after a series of local sources from Middle East They stated that the Iran, United States and Israel They made progress in negotiations for peace in the region. Lower oil prices make palm oil a less attractive option as biodiesel raw materialFurthermore, the updated data from [the source] continue to have repercussions. European CommissionThe data shows that the bloc imported 2.4 million tons of palm oil in the 2025/26 crop year up to May 3rd, a 4% decrease compared to the same period of the previous season. Malaysian ringgit It strengthened 1.01% against the dollar, a factor that makes the commodity more expensive for foreign buyers.

This text was translated by machine from Brazilian Portuguese.