PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 27 Nov 2024

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Palm oil falls on outlook of ballooning rival soyoil supplies
calendar16-05-2023 | linkBusiness Recorder | Share This Post:

15.05.2023 (Business Recorder) - KUALA LUMPUR: Malaysian palm oil futures fell on Monday, tracking losses in rival soyoil prices after a US government report pegged a record-high production, although a weaker ringgit capped losses.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 75 ringgit, or 2.06%, to 3,573 ringgit ($805.64) a tonne during early trade.

https://www.brecorder.com/news/40242147/palm-oil-falls-on-outlook-of-ballooning-rival-soyoil-supplies