Malaysia Palm Oil Futures Decline for Second Day on Inventory Concerns
Malaysian palm oil futures fell for a second consecutive session on Wednesday, primarily due to concerns over rising stockpiles. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange decreased by 36 ringgit, or 0.79%. Firming crude oil prices provided some support, limiting the extent of the decline.
Malaysian palm oil futures fell for a second straight session on Wednesday, pressured by concerns that stockpiles are rising, while firmer crude oil prices helped cap the losses. 79%, to …