Palm Oil Futures Fall 97 Ringgit to 4,552 Ringgit per Ton
The Bursa Malaysia Derivatives January contract closed 97 ringgit lower at 4,552 ringgit a metric ton. Declining Indonesian export costs and weaker crude prices weighed on the market.
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10:35:07 AM UTC
SquawkNews
Malaysian palm oil futures dropped to a one-month low on Tuesday, as mounting concerns over growing stockpiles weighed on the market.The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 97 ringgit, or 2.09%, to 4,552 ringgit ($1,117.88) a metric ton…
Palm oil futures closed lower, with the Bursa Malaysia Derivatives contract for January delivery dropping 97 ringgit to 4,552 ringgit a metric ton. Declining Indonesian export costs are likely intensifying competitive pressure, while weaker crude oil prices weighed on the broader edible oils comple…