Palm Oil Rises on Attractive Pricing, Strong Exports -- Market Talk
Dow Jones2026/10/28 02:420242 GMT - Palm oil rises in Asian trading amid a wider discount to rival vegetable oils following recent declines, supporting export demand, AmInvestment Bank says in a note. However, high inventory levels may continue to dampen market sentiment and limit potential price recovery, it adds. AmInvestment Bank pegs resistance at 4,770 ringgit a ton and support at 4,682 ringgit a ton. The Bursa Malaysia Derivatives contract for January delivery is 27 ringgit higher at 4,728 ringgit a ton. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
October 27, 2026 22:42 ET (02:42 GMT)
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