MARKET DEVELOPMENT
Palm oil falls
Palm oil falls
11.04.2018 (DAWN.com) - KUALA LUMPUR: Malaysian palm oil futures slipped to a one-week low on Tuesday evening in a second straight losing session as they lost ground on bearish industry regulator data released at the market’s midday break.
Palm also fell in the first half of trade, tracking declines in related edible oils on China’s Dalian Commodity Exchange.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 1.3 per cent at 2,433 ringgit ($629.17) a tonne at the close of trade. It earlier fell to 2,420 ringgit, the lowest since April 4. Trading volumes stood at 43,392 lots of 25 tonnes each.