Palm eases after two-day surge, weaker ringgit limits losses

06 Jun, 2023

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday after two consecutive sessions of gains, with traders awaiting an industry survey on May inventories, while a softer ringgit lent some support to the market.

Palm ends 3% higher on stronger rivals, El Nino worries

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 32 ringgit, or 0.95%, to 3,349 ringgit ($728.99) a tonne in early trade.

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