Markets
Palm oil rangebound as firmer crude counters weaker Dalian rivals
- The contract declined 1.37% in the previous session
1 min
By
KUALA LUMPUR: Malaysian palm oil futures traded in a tight range in early deals on Tuesday, as support from firmer crude oil prices and Chicago soyoil countered pressure from weaker rival Dalian oils.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 5 ringgit, or 0.11%, to 4,529 ringgit ($1,146.87) a metric ton in early trade.
The contract declined 1.37% in the previous session.
Read Also