Malaysian palm oil slides for 3rd-straight day on crude oil slide


KUALA LUMPUR: Malaysian palm oil futures fell for a third day on Tuesday and slide to their weakest in nearly two weeks, as crude deepened its sharp drop and volatility in emerging Asian markets turned investors wary.

    Traders said while the palm market has been supported over the past weeks on hopes that weakening production will help shrink inventories, this week's turmoil across equity markets and steep losses in crude could trigger more selling.

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palm oil , oil palm , commodities , plantations , stocks , shares , oil , gas , klci , klse , malaysia

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