Malaysian palm oil price drops on profit-booking, ringgit and soyoil add pressure


Malaysian palm oil futures rose for a second consecutive session by the close on Friday, climbing by nearly 1 percent and buoyed by expectations of rising demand and tracking gains in palm kernel oil prices.

KUALA LUMPUR: Malaysian palm oil futures fell on Friday as traders took profits from an intra-day high that almost touched the 6-1/2-month high hit in the previous session.

A strengthening ringgit and softer soyoil have also dragged on the tropical oil.

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palm oil , cpo , markets , futures , derivatives , Burs , plantations , commodities ,

   

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