Malaysian palm oil futures rose on Tuesday evening, lifted by strength in rival edible oils and as demand expectations improved, traders said.
PETALING JAYA: Crude palm oil (CPO) prices are expected to stay under pressure by the re-imposition of the export tax next month and concerns over the brewing US-China trade war, said analysts.
This is reflected in the third-month benchmark CPO futures contract for June, which was traded RM8 lower at RM2,420 per tonne as at 5 pm yesterday.
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