Palm oil opens lower on weaker Dalian contracts

07 Feb, 2024

KUALA LUMPUR: Malaysian palm oil futures opened lower on Wednesday, weighed down by weakness in Dalian vegetable oils, although firmer crude oil prices capped losses.

Malaysian palm oil futures gain

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange slid 18 ringgit, or 0.47%, to 3,825 ringgit ($803.23) during early trade.

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