MARKET DEVELOPMENT
Palm falls over 1pc
Palm falls over 1pc
Business Recorder (06/08/2021) - KUALA LUMPUR: Malaysian palm oil futures ended lower on Thursday, following sharp gains in the previous session, pressured by weaker rival soyoil and forecasts of a rise in July stockpiles.
The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange fell 78 ringgit, or 1.82%, to 4,213 ringgit ($999.53) a tonne, after rising 3.6% in the previous session.
Read more at https://www.brecorder.com/news/40111537/palm-falls-over-1pc