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Palm oil slips as weaker rival oils outweigh strong export outlook
JAKARTA: Malaysian palm oil futures eased on Thursday, ending a three-session winning streak, as weaker rival vegetable oils on the Dalian and Chicago markets pressured prices, despite stronger export estimates for the first half of October. The benchmark December palm oil contract on the Bursa Malaysia Derivatives Exchange was down 78 ringgit, or 1.66%, at 4,622 ringgit ($1,132.84) a metric ton at close. Dalian’s most-active soyoil contract fell 1.98%, while its palm oil contract lost 3.03%. Soyoil prices on the Chicago Board of Trade slipped 0.92%. Palm oil tracks rival edible oils, as it co...
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