Palm opens lower on weaker rival oils, crude oil prices
Malaysian palm oil futures opened lower on Monday for a third consecutive session, pressured by weaker rival edible oils and lower crude oil prices, as concerns over a global trade war raised fears of a recession and slower economic growth.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 49 ringgit, or 1.13%, to 4,279 ringgit ($957.91) a metric ton in early trade.
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