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
Rapeseed sowing in India at its lowest level in 10 years
Canadian wheat exports expected to decline amid smaller harvest and weaker North A...
Sunseed prices in russia decouple from global markets amid Black Sea export restri...
Cool and wet weather increases disease and pest pressure on Ukraine’s winter...
Malaysian palm oil production expected to decline in November
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon