Palm oil falls for third session to nine-day low
Malaysian palm oil futures extended losses to a third session on Thursday, hitting a nine-day low on weaker competing edible oils as traders shrugged off top producer Indonesia’s plan to raise its biodiesel content.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 30 ringgit, or 0.76%, to 3,895 ringgit ($834.23) a metric ton during early trade, its lowest since July 16.
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