Renewable Energy
VEGOILS-Palm ends higher on soft production expectations
Malaysian palm oil futures reversed losses on Thursday amid lower trading volumes and concerns over poor production expectations in the fourth quarter this year. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange increased 33 ringgit, or 0.85%, to close at 3,919 ringgit ($ 903.93) a metric load. Rather thin volume today, suggesting a sleepiness in selling activities. The most significant worry is low arrival of fresh fruit lots and bad production performance both in August and September, stated Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. Taking a look at the general trend, there...