MDEX: Palm oil closes slightly higher on Thursday.

The August contract of palm oil closed the session this Thursday (16) with a slight increase of 0.27% in Malaysian Derivatives Exchange (MDEX)The price for the Brazilian crude oil futures contract rose 0.25% to US$1,113.75/ton. The September contract advanced 0.25% to US$1,123.00/ton. So far this week, the contracts have accumulated gains of 1.23% and 1.24%, respectively. 

In this trading session, commodity prices were driven up by the market's reaction to projections from independent cargo inspection companies in Malaysia. Intertek Testing Services and AmSpec Agri, indicating that the country's exports increased between 4% and 12.4% between July 1st and 15th.

Limiting further losses, palm oil fell 0.71% on the Dalian Commodity Exchange (DCE), while soybean oil declined 0.34% on the Chinese index. 

This text was translated by machine from Brazilian Portuguese.