30.1 C
New York
Wednesday, August 10, 2022

Palm oil drops for third day on concern of larger Indonesian exports

JAKARTA: Malaysian palm oil futures fell on Tuesday for a third straight session on concerns that Indonesia’s plan to increase export quota would hurt demand.

Palm oil hits over 9-month low

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange fell 1.13% to 4,301 ringgit ($973.96) per tonne during early trade. It extended a 7.6% loses posted on Monday.

Palm oil drops for third day on concern of larger Indonesian exports

Source: Brecorder

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,292FansLike
12,893FollowersFollow
748FollowersFollow
- Advertisement -

Latest Articles

Popular Articles