Palm Oil Futures Drop for Fifth Straight Session Amid Rising Output and Softening Exports
Malaysian palm oil futures declined for the fifth consecutive session on Thursday, influenced by a weaker Chicago soyoil market, concerns over subdued September exports, and increasing production levels.
Malaysian palm oil futures fell for a fifth straight session on Thursday, with prices pressured by weakness in Chicago soyoil, concerns over soft September exports and rising output. The benchmark palm oil contract (FCPOc3) for December delivery on the Bursa Malaysia Derivatives Exchange lost…