Malaysian Palm Oil Futures Slide on Export Competition and Weak Crude
Malaysian palm oil futures fell as lower Indonesian export costs increased competitive pressure, with weaker crude prices and rising inventory concerns adding pressure.
Malaysian palm oil futures fell on Monday, as lower Indonesian export costs intensified competitive pressure, while weaker crude oil prices and concerns over rising inventories added further pressure.The benchmark palm oil contract (FCPOc3) for January delivery on the Bursa Malaysia Derivatives Exc…