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Malaysian palm oil futures extended losses for a second straight session on Monday, as a firmer ringgit, softer crude oil prices and sluggish exports dampened sentiment. The benchmark December palm oil contract on the Bursa Malaysia Derivatives Exchange fell 41 ringgit, or 0.84%, to 4,857 ringgit a metric ton at the cl
Malaysian palm oil futures extended losses for a second straight session on Monday, as a firmer ringgit, softer crude oil prices and sluggish exports dampened sentiment.The benchmark palm oil contract (FCPOc3) for December delivery on the Bursa Malaysia Derivatives Exchange fell 41 ringgit, or 0.84…
Malaysian palm oil futures slipped more than 1% to around MYR 4,900 per tonne, extending their decline to a one-week low. The move came as traders looked ahead to MPOB monthly data, with exports also seen as sluggish.
Malaysian palm oil futures rose near 2% to near MYR 4,900/tonne, a one-week high. Moves were supported by firmer edible oils, a weaker ringgit, and stronger crude, tempered by weaker exports and higher inventories.
Malaysian palm oil futures extended losses, trading below MYR 4,900 per tonne and hitting a one-week low as a stronger ringgit, weaker Chicago soyoil and demand concerns pressured sentiment.