Markets
Palm oil falls for second session on weaker Dalian rivals
- Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 37 ringgit, or 0.8%, to 4,612 ringgit a metric ton
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Malaysian palm oil futures fell for a second consecutive session, primarily due to weaker Dalian oils, despite some support from firmer crude oil and Chicago soyoil.
Read the full article for:
- Factors influencing Malaysian palm oil price movements.
- The impact of rival Dalian oils on palm oil futures.
- Specific price changes on the Bursa Malaysia Derivatives Exchange.
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KUALA LUMPUR: Malaysian palm oil futures fell for a second straight session on Tuesday, weighed down by weaker rival Dalian oils, though firmer crude oil prices and Chicago soyoil limited losses.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 37 ringgit, or 0.8%, to 4,612 ringgit ($1,133.73) a metric ton in early trade.