Malaysian Palm Oil Futures Fall More Than 1% to Mid-June Lows
Expectations of record-high stockpiles and weaker Dalian palm olein weighed on prices Wednesday. The January contract fell 55 ringgit.
Malaysian palm oil futures slipped more than 1% to hit mid-June lows on Wednesday, as expectations of record-high stockpiles and weaker Dalian palm olein weighed on prices.The benchmark palm oil contract (FCPOc3) for January delivery on the Bursa Malaysia Derivatives Exchange slid 55 ringgit, or 1…