Palm oil touches 2-week low on weak export data, strong soybean supply
Malaysian palm oil futures declined on Tuesday to a two-week low, weighed down by lacklustre export data and weakness in soybean prices as a result of ample supply.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 36 ringgit, or 1.05%, to 3,681 ringgit ($800.22) a metric ton in morning trade.
Read also
UkrAgroConsult Advises on In-House Power Generation Projects
Sweden expects a decline in grain harvest
Soybean price gap between US and Brazil continues to narrow
EU farm subsidy model will not withstand Ukraine’s accession — Rabobank
Africa’s population growth creates new opportunities and challenges for the agricu...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon