MDEX: Palm oil closes higher this Friday.

The April contract of palm oil closed the session this Friday (27) with a slight increase of 0.47% in Malaysian Derivatives Exchange (MDEX)The price for the May contract rose 0.41% to US$1,150.00/ton. On the other hand, for the week, futures accumulated losses of 2.75% and 2.07%, respectively. 

In this trading session, palm oil prices followed the positive performance of the commodity in… Dalian Exchange (DCE), which registered an increase of 2.13%, while soybean oil advanced 1%.

Furthermore, prices continue to be impacted by volatility in international oil prices, amid the ongoing war in the UK. Middle EastHigher fuel prices make palm oil a more attractive option as a feedstock for biodiesel. 

In MalaysiaAccording to the country's cargo inspection companies, exports of the commodity increased between 38.4% and 50.6% between March 1st and 25th.

THE Malaysian ringworm weakened 0.5% compared to dollarThis factor makes palm oil cheaper for foreign buyers. 

This text was translated by machine from Brazilian Portuguese.