Palm oil falls 1.6% on Chinese demand concerns

SINGAPORE: Malaysian palm oil futures slid more than 1% on Tuesday, falling for the first time in three sessions, on concerns over tepid demand in key consumer China amid COVID-19 restrictions.

Palm jumps 1.7pc

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange slid 72 ringgit, or 1.6%, to 4,361 ringgit ($920.24) a tonne in early trade.