Palm oil futures hit 13-week low on weak exports, high inventories
Malaysian palm oil futures fell for a sixth straight session on Friday, hitting their lowest point in 13 weeks. This decline is attributed to weak export data and expectations of high inventory levels.
Malaysian palm oil futures were headed for a second straight weekly decline on Friday, as prices fell for a sixth consecutive session to their lowest level in 13 weeks. Weak export data and expectations of high inventories weighed on the market. The benchmark palm oil contract (FCPOc3) for December delivery on the Bursa M…