Palm oil declines more than 1% on weaker rivals
Malaysian palm oil futures fell more than 1% on Thursday amid lower soyoil and crude oil prices, marking its second consecutive session of decline.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange fell 52 ringgit, or 1.32% to 3,890 ringgit ($813.64) a metric ton as of 0236 GMT, erasing gains of 0.38% made during overnight trade.
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