Palm Oil Falls on Softer Soybean Oil and Crude Prices
Palm oil falls in Asian trading, with pressure from softer soybean oil and crude prices. A trader also cites concerns that Malaysian inventories may reach record highs.
Palm oil falls in Asian trading, weighed by softer soybean oil on the Chicago Board of Trade overnight and crude oil prices, says David Ng, a trader at Kuala Lumpur-based Iceberg X. Concerns about Malaysian inventories reaching record highs further dampen market sentiment, he adds. Ng pegs support…