Malaysian Palm Oil Futures Fall 1.85% on Weaker Rival Oils, Crude
The January palm oil contract fell 84 ringgit to 4,467 ringgit per metric ton, near a five-month low, pressured by weaker rival edible oils and crude prices.
Malaysian palm oil futures traded close to a five-month low on Wednesday, pressured by weaker rival edible oils and crude prices.The benchmark palm oil contract (FCPOc3) for January delivery on the Bursa Malaysia Derivatives Exchange slid 84 ringgit, or 1.85%, to 4,467 ringgit ($1,096.20) a metric…