Palm oil futures drop over 1% as exports lag
Malaysian palm oil futures fell more than 1% Thursday on expectations of rising September inventories, sluggish exports, and weakness in rival vegetable oils.
Malaysian palm oil futures fell more than 1% on Thursday, easing from a 21-month high as market participants looked for rising September inventories, sluggish exports and weakness in rival vegetable oils. The benchmark palm oil contract (FCPOc3) for December delivery on the Bursa Malaysia Der...