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Markets

Palm slips on weak crude, rival Dalian oils

  • Palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 24 ringgit, or 0.54%, to 4,442 ringgit a metric ton
Published Updated
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KUALA LUMPUR: Malaysian palm oil futures edged lower on Wednesday for a second consecutive session, as weaker crude oil prices and rival Dalian oils pressured the market.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 24 ringgit, or 0.54%, to 4,442 ringgit ($1,125.70) a metric ton in early trade.

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