Palm tracks rival oils lower, weaker ringgit caps losses
Malaysian palm oil futures opened marginally lower on Monday, tracking weakness in rival edible oils, although a weaker ringgit capped the losses.
The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange slid 3 ringgit, or 0.08%, to 3,761 ringgit ($791.12) in morning trade.
The contract plunged 6.35% last week, marking its sharpest weekly decline in nine months.
Read also
Missed BLACK SEA GRAIN? Get Full Access to Conference Insights!
India urged to block GM imports from the US amid trade talks
Land reclamation is a strategic investment for sustainable agricultural production
Rapeseed oil exports from Ukraine grew 30 times in terms of revenue
Brazil needs $148 bln to close grain storage gap
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon