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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.
Published February 3, 2021 Updated February 3, 2021 12:14pm
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By Reuters
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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.

Wheat Malaysian palm oil futures Soyaoil

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