KUALA LUMPUR: Malaysian palm oil futures fell more than 2% on Monday, surrendering the previous session’s gains, as subdued demand and losses in rival edible oils weighed on the market.
Palm oil may drop further into 3,288-3,344 ringgit range
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 78 ringgit, or 2.24%, to 3,403 ringgit ($767.31) a tonne during early trade, down for a fifth session in six.
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