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Thursday, December 7, 2023

Palm dips on weaker Malaysian exports, but rival oils cap losses

SINGAPORE: Malaysian palm oil futures dipped on Monday following reports of lacklustre exports this month, although gains in competing edible oils limited the downward trend.

Malaysian palm oil falls

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange dropped 6 ringgit, or 0.15%, to 3,956 ringgit ($850.75) per metric ton in early trade.

Palm dips on weaker Malaysian exports, but rival oils cap losses

Source: Brecorder

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