Malaysian Palm Oil Futures Fall on Rival Oils, Crude and Stockpiles
Malaysian palm oil futures fell on Tuesday, pressured by weaker rival edible oils, lower crude prices and high stockpiles. The December contract slid 41 ringgit.
Malaysian palm oil futures declined on Tuesday after posting a modest gain in the previous session. Weakness in competing edible oils, lower crude oil prices and elevated stockpiles weighed on the market. The benchmark December palm oil contract (FCPOc3) on Bursa Malaysia Derivatives Exchange fell 41 ringgit…