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Palm slips on weak rival oils, crude oil, Indonesia’s B50 cancellation

  • The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange slid 23 ringgit, or 0.57%, to 4,017 ringgit
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By Reuters

KUALA LUMPUR: Malaysian palm oil futures edged lower for a third consecutive session on Thursday, weighed down by rival edible oils, crude oil prices and Indonesia’s plan to scrap its B50 biodiesel plans.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange slid 23 ringgit, or 0.57%, to 4,017 ringgit ($992.59) a metric ton in early trade.

Palm Oil

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