1008 GMT - Palm oil ended higher on stronger crude oil prices and higher export estimates, says David Ng, a trader at Kuala Lumpur-based Iceberg X. The market is expecting higher exports due to the recent Middle East conflict, which has been forcing importers to secure shipment amid the uncertainty as well as the price discount of palm oil, he adds.The trader sees prices supported above 4,500 ringgit a ton and resistance at 4,780 ringgit. The Bursa Malaysia Derivatives contract for June delivery closed 82 ringgit higher at 4,654 ringgit a ton.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 16, 2026 06:08 ET (10:08 GMT)
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