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Wednesday, December 7, 2022

Palm oil falls 1.6% on Chinese demand concerns

SINGAPORE: Malaysian palm oil futures slid more than 1% on Tuesday, falling for the first time in three sessions, on concerns over tepid demand in key consumer China amid COVID-19 restrictions.

Palm jumps 1.7pc

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange slid 72 ringgit, or 1.6%, to 4,361 ringgit ($920.24) a tonne in early trade.

Palm oil falls 1.6% on Chinese demand concerns

Source: Brecorder

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