Palm oil prices ended Monday stable in Malaysia.

The June contract of palm oil closed the session this Monday (25) in stability with a downward bias (-0.04%) in Malaysian Derivatives Exchange (MDEX)The price of soybean oil was quoted at US$1,115.75/ton. The July contract closed completely stable at US$1,124.75/ton. In this trading session, commodity prices were pressured by the weakness of edible oils on the Dalian Commodity Exchange. There, the most traded contract for soybean oil fell 0.87%, while the palm oil contract retreated 0.18%. The drop of more than 5% in oil on the international market also had an impact, a factor that reduces the competitiveness of palm oil as a raw material for biodiesel production.

Independent cargo inspection companies in Malaysia say the country's palm oil exports fell by as much as 18% between May 1st and 25th compared to the same period last month. 

Finally, the Malaysian ringgit appreciated 0.38% against the dollar, making the commodity more expensive for buyers who hold foreign currencies.

This text was translated by machine from Brazilian Portuguese.