Palm oil futures slump to over 5-week low amid demand worries
Malaysian palm oil futures reversed earlier gains to fall to a more than 5-week low on Tuesday, pressured by expectations of rising stocks and subdued demand as traders awaited the upcoming US-China presidents meeting.
Malaysian palm oil futures reversed earlier gains and fell to a more than 5-week low on Tuesday, as expectations of rising stock and subdued demand weighed on the market while traders looked ahead to the upcoming meeting between the presidents of the US and China. The benchmark palm oil contract (FCPOc3) for December delivery on the B…