Palm oil ends the week with a slight advance on MDEX.

The June contract of palm oil closed the session this Friday (22) with a slight increase of 0.47% in Malaysian Derivatives Exchange (MDEX)The price of palm oil, quoted at US$1,116.25/ton, rose 0.56% to US$1,124.75/ton. For the week, futures accumulated gains of 0.43% and 0.49%, respectively. The palm oil market continues to closely monitor the Indonesian government's plan to channel palm oil exports through a central agency. The market understands that the plan could disrupt the supply of the world's most traded commodity in the medium term, but will prompt exporters to accelerate shipments before its possible implementation. It also supported the appreciation of oil in the international market, a factor that makes palm oil more attractive as a raw material for biodiesel production. However, gains were limited by the decline in rival vegetable oils on the Dalian Commodity Exchange.

This text was translated by machine from Brazilian Portuguese.