Palm extends decline on lower crude prices, weak rival oils
Malaysian palm oil futures fell on Tuesday, extending losses from the previous session, dragged down by weakness in rival oils and crude oil prices.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 27 ringgit, or 0.63%, to 4,286 ringgit a metric ton during early trade.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Brazil’s wheat imports could rise to 9 mln tons as domestic crop declines
Uncertainty in the oil market has caused sunflower seed prices in Ukraine to plummet
The US has increased its soya bean exports to markets outside China by 9 %
Palm oil stocks in Malaysia have reached a nearly two-year high
The shortfall in grain storage capacity in Ukraine could reach 11 mln tons
Write to us
Our manager will contact you soon