Energy Markets
Palmetto gains for the third session in a row on stronger Dalian
Malaysian palm futures were little changed on Tuesday, as edible oils traded in Dalian and Chicago sideways. Market participants also awaited the Malaysian Palm Oil Board's (MPOB) data that was due the following day for clues about inventories and demand. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for delivery in November gained 1 ringgit or 0.02% to 4,489 Ringgit ($1,067.28) per metric ton. A survey shows that Malaysian palm oil inventories will rise for the sixth consecutive month in august, as production continues outpacing exports, despite an improvement in demand. Darren Lim is a commodities...