Palm falls, tracking rival oils; set for third weekly drop
Malaysian palm oil futures fell on Friday, snapping two consecutive sessions of gain, weighed down by weak rival vegetable oils prices and soft export data.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange was down 24 ringgit, or 0.81%, to 3,927 ringgit ($833.23) a metric ton, as of 0244 GMT.
It lost 0.43% in overnight trade and has lost 0.5% so far this week. The contract is set to post a third consecutive weekly drop.
Read also
All three grain terminals in Novorossiysk halt operations after drone attack
Coming Up in UkrAgroConsult Reports: Key Market Signals
Wheat prices have risen to a two-week high following attacks on ports
Jordan cancels tender for 120 thsd tons of wheat
Sunflower seed stocks in Ukraine stood at nearly 1 million tonnes at the start of ...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon