Palm opens lower on weaker Chicago soyoil, crude oil

Malaysian palm oil futures have opened lower on Friday due to weaker soyoil and crude oil prices, as US President Donald Trump's reciprocal tariffs have initiated a global trade war. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange has fallen by 2.05% to 4,397 ringgit ($993.67) a metric ton. Additionally, the article mentions a conference to be held on April 24 in Kyiv to discuss the development of the grain sector in the Black Sea and Danube region.

Malaysian palm oil futures opened lower on Friday, weighed down by weaker Chicago soyoil and crude oil prices as US President Donald Trump’s reciprocal tariffs kicked into high gear a global trade war that threatens to stoke inflation and stall growth. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 92 ringgit, or 2.05%, to 4,397 ringgit ($993.67) a metric ton in early trade. The contract fell 0.62% on Thursday. Further development of the grain sector in the Black Sea and Danube region will be discussed at the ...