Palm oil falls for third session to nine-day low
Malaysian palm oil futures extended losses to a third session on Thursday, hitting a nine-day low on weaker competing edible oils as traders shrugged off top producer Indonesia’s plan to raise its biodiesel content.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 30 ringgit, or 0.76%, to 3,895 ringgit ($834.23) a metric ton during early trade, its lowest since July 16.
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