Malaysian Palm Oil Futures Seen Opening Higher on July 20, as Crude Surge, Export Growth Lift Support

According to Jin10 Futures reporting external markets, Malaysian crude palm oil futures are seen opening higher on Monday, July 20, tracking broader commodity gains. Brent crude surged to its highest level since June 11 following Middle East tensions, with further gains during electronic trading Monday morning expected to support palm oil prices. Malaysian palm oil exports grew 4% to reach 12.4 million units in the July 1-15 period, with a weaker Malaysian ringgit also providing price support.
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