Markets
Palm oil tumbles 3% tracking weaker Dalian, soyoil
- The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange slid 102 ringgit, or 3%, to 3,289 ringgit a tonne during early trade.
KUALA LUMPUR: Malaysian palm oil futures slumped 3% on Wednesday, tracking rivals Dalian and soyoil, weighed by fears of continuing weak exports.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange slid 102 ringgit, or 3%, to 3,289 ringgit a tonne during early trade.
Palm fell 2.8% in the previous session.
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