Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange fell 2.1 percent to 2,771 ringgit ($625.93) a tonne, retreating from the near two-week high of 2,839 ringgit hit in the previous session. Traded volumes stood at 51,723 lots of 25 tonnes each at the end of the trading day
KUALA LUMPUR: Malaysian palm oil futures on Thursday registered their sharpest daily fall in nearly two weeks, weighed down by weaker-performing related edible oils and a technical sell-off.
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange fell 2.1 percent to 2,771 ringgit ($625.93) a tonne, retreating from the near two-week high of 2,839 ringgit hit in the previous session.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
