Malaysian palm oil futures drop on profit-taking, weak demand
Malaysian palm oil futures fell after a two-session rally as profit-taking and weak export demand pressured prices. Benchmark FCPOc3 for November delivery slid 13 ringgit, or 0.26%, to 4,960 ringgit per metric ton.
Malaysian palm oil futures fell on Wednesday after a two-session rally, pressured by profit-taking and weak export demand.The benchmark palm oil contract (FCPOc3) for November delivery on the Bursa Malaysia Derivatives Exchange slid 13 ringgit, or 0.26%, to 4,960 ringgit ($1,226.81) a metric ton at…