Palm oil opens low tracking soyoil prices at Chicago Board of Trade
Malaysian palm oil futures opened down on Wednesday, snapping five consecutive session of gains, tracking losses in Soyoil prices on the Chicago Board of Trade (CBOT) market.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange lost 57 ringgit, or 1.39%, to 4,032 ringgit ($854.60) a metric ton in early trade.
Tags: prices, Malaysia, soyoil, palm oil, futures, benchmark contract
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