Energy Markets
VEGOILS-Palm edges up, uncertainty over US trade deals keeps market volatile
The price of Malaysian palm oils futures increased slightly on Tuesday despite the fact that the market was volatile due to uncertainty surrounding potential trade agreements between major Asian nations and the United States. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for October delivery gained 25 ringgit or 0.59% to 4,250 Ringgit ($1,004.73) per metric ton. The contract fell by about 2.1% Monday. Anilkumar bagani, the research head at Mumbai-based Sunvin Group, said that crude palm oil futures had risen overnight following strength in Chicago soyoil and South American futures. Bagani stated that the market volatility...