Palm oil ends lower as soybean-oil weakness weighs
Palm oil finished lower, tracking weakness in the soybean oil market, according to David Ng of Kuala Lumpur-based Iceberg X. He also cited recent weakness in export performance as a drag.
Palm oil ended lower, tracking weakness in the soybean oil market, according to David Ng, a trader at Kuala Lumpur-based Iceberg X.
Recent weakness in export performance also weighs on the vegetable oil's price, he says.
Ng sees prices for palm oil supported above 4,900 ringgit a ton and resistance…