The June contract of palm oil closed the session this Wednesday (20) with a slight decrease of 0.35% in Malaysian Derivatives Exchange (MDEX)The price of soybean oil, quoted at US$1,137.75/ton, fell 0.13% to US$1,148.0/ton. However, for the week, futures accumulated gains of 2.36% and 2.57%, respectively. In this trading session, the market took profits, considering the gains recorded in the last three sessions. The devaluation of soybean oil on the Chicago Board of Trade and the weakening of oil in the international market also weighed on the market. However, greater losses were limited by the advance of edible oils on the Dalian Commodity Exchange: the most traded soybean oil contract rose 0.67%, while the palm oil contract advanced 0.27%. Palm oil follows the price evolution of other edible oils in its dispute for a share of the global vegetable oil market.
This text was translated by machine from Brazilian Portuguese.