Malaysian palm oil price drops for 4th straight day

Despite the availability of 100% certified palm oil, WWF said most businesses in Malaysia and Singapore were still not sourcing it. A comparison of companies in Malaysia and Singapore against their international peers showed a significant gap in sustainable sourcing standards across South-East Asia. There was also a distinct lower level of transparency, number of RSPO memberships and sustainable palm oil commitments among these companies.

KUALA LUMPUR: Malaysian palm oil futures fell for a fourth consecutive session on Monday evening, weighed down by weaker soyoil on the Chicago Board of Trade (CBOT) and expectations of rising stockpiles.

Public holidays in China and India, the top two buyers of the tropical oil, also kept trade subdued.