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.
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