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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
palm oil , oil palm , commodities , plantations , stocks , shares , oil , gas , klci , klse , malaysia

Next In Business News

Guan Huat Seng slips on ACE Market debut
Cabnet wins RM15mil Johor electrical jobs
CelcomDigi’s connectivity initiative for IOI Corp plantations completed
BNM keeps OPR at 2.75% as expected
AMS Advanced Material gets approval for listing
Cautious optimism amid macro uncertainty
CIMB wins plaudits for ESG,�inclusivity efforts
Elevated supply weighs on oil and gas industry
Sabah contract reinforces Steel Hawk track record
Hock Soon aims to raise RM60mil from IPO

Others Also Read