Palm oil declines more than 1% on weaker rivals
Malaysian palm oil futures fell more than 1% on Thursday amid lower soyoil and crude oil prices, marking its second consecutive session of decline.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange fell 52 ringgit, or 1.32% to 3,890 ringgit ($813.64) a metric ton as of 0236 GMT, erasing gains of 0.38% made during overnight trade.
Read also
China to expand insurance coverage for grains, oilseeds and livestock
Paraguay may expand soybean area to 3.7 mln ha
Moldovan farmers threaten protests over VAT increase on grains and oilseeds
US rail fuel surcharges pressure grain prices for farmers during harvest
France may harvest smallest corn crop in 50 years
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon