Palm extends losses on stronger ringgit, weaker Dalian oils
Malaysian palm oil futures fell for a second session on Monday, as traders gauged weakness in Dalian vegetable oils, while a stronger ringgit also added pressure to the contract.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was down 9 ringgit, or 0.24%, at 3,672 ringgit ($837.97) a metric ton, as of 0246 GMT.
The contract lost 1.79% last week, its fourth consecutive weekly drop.
Read also
Wheat in Southern Brazil Impacted by Dry Weather and Frosts
Oilseed Industry. Leaders and Strategies in the Times of a Great Change
Black Sea & Danube Region: Oilseed and Vegoil Markets Within Ongoing Transfor...
Serbia. The drought will cause extremely high losses for farmers this year
2023/24 Safrinha Corn in Brazil 91% Harvested
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon