Markets
Palm rangebound ahead of Lunar New Year holidays
- The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange fell 10 ringgit
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KUALA LUMPUR: Malaysian palm oil futures traded in a tight range on Monday, supported by pre-holiday buying ahead of the Lunar New Year holidays, though a strong ringgit and weaker export data capped gains.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange fell 10 ringgit, or 0.25%, to 4,036 ringgit ($1,035.93) a metric ton in early trade.
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