Markets

Palm falls on weaker rival oils, crude oil prices

  • The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 39 ringgit, or 0.86%, to 4,498 ringgit a metric ton
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KUALA LUMPUR: Malaysian palm oil futures edged lower on Wednesday, for a second straight session, pressured by weaker rival edible oils and crude oil prices.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 39 ringgit, or 0.86%, to 4,498 ringgit ($1,138.73) a metric ton in early trade.

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