MDEX: Palm oil advances more than 2% this Monday.

The April contract of palm oil closed the session this Monday (16) with a significant increase of 2.02% in Malaysian Derivatives Exchange (MDEX)The price for the May contract rose 2.15% to US$1,186.25/ton. 

In this trading session, commodity prices followed the positive performance of palm oil in Dalian Exchange (DCE), which recorded an advance of 2.39%, while soybean oil stabilized on an upward trend (+0.09%) in the Chinese index. 

Furthermore, Malaysian independent cargo inspection companies Intertek Testing Services and AmSpec Agri Malaysia projected an increase of between 43.5% and 56.9% in the country's palm oil exports during the period from March 1st to 15th. 

Limiting further gains, Malaysian ringuite appreciated 0.2% against the dollar, a factor that makes the commodity more expensive for foreign buyers.

This text was translated by machine from Brazilian Portuguese.