Archive · Business Recorder
Palm oil falls for third session on weaker Dalian rivals
JAKARTA: Malaysian palm oil futures fell for a third straight session to their lowest in eight weeks on Tuesday, as weakness in rival Dalian vegetable oils and market expectations of rising inventory in September weighed. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 35 ringgit, or 0.75%, at 4,629 ringgit ($1,134.56) a metric ton by the midday break. A Kuala Lumpur-based trader noted “bearish market sentiment on expectations of high endstocks due to high production with lower export figures for September.” Exports of Malaysian palm oi...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →