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Palm oil slips after two-day climb, weak ringgit supports

KUALA LUMPUR: Malaysian palm oil futures slipped on Thursday after hitting a 12-day high in the previous session, but the contract was range-bound as a declining ringgit supported sentiment.

India’s July palm oil imports hit 7-month high

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange lost 3 ringgit, or 0.08%, to 3,843 ringgit ($827.52) a metric ton in the early trade, after a two-day climb.

Palm oil slips after two-day climb, weak ringgit supports

Source: Brecorder

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