SINGAPORE: Malaysian crude palm oil futures fell as much as 3.3 percent on Tuesday, tracking losses in soybean futures. The benchmark December 2012 contract on the Bursa Malaysia Derivatives Exchange fell to trade down 101 ringgit at 2,885 ringgit ($945) per tonne by 0248 GMT. At one point, it slid to as low as 2,879 ringgit, a level last seen on Sept. 11.
The market for palm oil futures was closed on Monday for a holiday.
US soybean futures tumbled by their daily trading limit on Monday, posting their biggest percentage drop in nearly a year on selling sparked by anecdotal accounts of better-than-expected harvest yields in the Midwest farm belt.
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