The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 147 ringgit, or 3.08%, to 4,618 ringgit a metric ton in early trade
KUALA LUMPUR: Malaysian palm oil futures fell more than 3% on Wednesday as crude oil prices plunged following a U.S-Iran ceasefire deal, while weaker rival edible oils also weighed on the market.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 147 ringgit, or 3.08%, to 4,618 ringgit a metric ton in early trade, extending losses to a third straight session.
Comments
Comments are closed for this article.