0245 GMT - Palm oil prices rise, tracking strength in soybean oil prices overnight on the Chicago Board of Trade following reports of air attacks over Tehran, PhillipCapital says in a note. A weaker ringgit also makes palm oil more attractive, as it lowers prices in foreign currency terms, boosting export demand, it adds. PhillipCapital pegs resistance at 4,680 ringgit a ton and support at 4,511 ringgit a ton. The Bursa Malaysia Derivatives contract for July delivery is 3 ringgit higher at 4,582 ringgit a ton. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
April 23, 2026 22:45 ET (02:45 GMT)
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