JAKARTA: Malaysian palm oil futures fell more than 1% on Monday, weighed down by weakness in rival vegetable oils and crude oil.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 41 ringgit, or 1.09%, to 3,730 ringgit ($780.50) a metric ton in early trade.
Palm hits three-week high on rival oil strength
The contract rose 0.91% last week in its second consecutive weekly gain.
Comments
Comments are closed.