Markets
Palm extends losses as weaker Chicago soyoil weighs
- Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange slid 21 ringgit, or 0.46%, to 4,539 ringgit ($1,111.14) a metric ton
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Malaysian palm oil futures extended losses for a second session, pressured by weaker Chicago soyoil, though firmer crude oil prices capped declines.
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- Malaysian palm oil futures extending losses.
- Weaker Chicago soyoil's influence on prices.
- Crude oil prices limiting palm oil declines.
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KUALA LUMPUR: Malaysian palm oil futures extended losses for a second session on Wednesday, pressured by weaker Chicago soyoil, though firmer crude oil prices capped the losses.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange slid 21 ringgit, or 0.46%, to 4,539 ringgit ($1,111.14) a metric ton in early trade.