Markets
Palm falls more than 1% on weaker rival oils, crude
- Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 56 ringgit, or 1.25%, to 4,440 ringgit a metric ton
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Malaysian palm oil futures dropped over 1% to a 25-week low, influenced by falling rival edible oil prices and weaker crude oil, extending losses for a fourth session.
Read the full article for:
- Factors driving the decline in palm oil prices.
- The impact of crude oil and rival edible oils.
- Specific contract details and price movements.
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KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Thursday to trade close to a 25-week low, pressured by declines in rival edible oils and weaker crude oil prices.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 56 ringgit, or 1.25%, to 4,440 ringgit ($1,093.33) a metric ton in early trade, extending losses for a fourth straight session.