Palm oil extends decline as inventories rise, soyoil weakens
Malaysian palm oil futures dropped 2% for the second straight session on Wednesday, as inventories are expected to rise in the world’s second-biggest producer, while also tracking weaker soyoil amid ample supplies.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 85 ringgit, or 2.15%, to 3,874 ringgit ($823.90) a metric ton in early trade, after losing 2% on Tuesday.
Read also
The Counterparty Is Trying to Avoid Fulfilling the Contract. What Should You Do?
Kazakhstan to export 10.4 mln tons of grain in MY 2025/26
Pea production in Ukraine is growing at the fastest pace among agricultural crops
ADM, PepsiCo and Mars launch regenerative agriculture program in Poland
EU approves Malaysian palm oil certification
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon