Markets
Palm slides on weaker rival oils and crude, but set for second monthly gain
- Palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange slid 23 ringgit, or 0.49%, to 4,660 ringgit ($1,141) a metric ton
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KUALA LUMPUR: Malaysian palm oil futures fell on Friday, weighed down by weakness in rival edible oils and crude oil, but remained on track for a second straight monthly gain.
The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange slid 23 ringgit, or 0.49%, to 4,660 ringgit ($1,141) a metric ton in early trade.
The contract has declined 1.08% so far this week after three straight weeks of gains, but is still up 2.46% for the month.