Palm Oil Drops to Eight-Week Low as Exports Slump, Supply Rises
Malaysian palm oil futures extended recent declines, hovering below MYR 4,650 per tonne and touching an eight-week low, as weaker edible oils on the Dalian market and sluggish export demand weighed on sentiment. Cargo surveyors noted palm oil shipments fell 15.1%—24.3% in the first 25 days of September from the same pe