Malaysian palm oil price falls for 5th day on weaker crude oil, ringgit strongest in year


The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was 0.2 percent lower at 2,713 ringgit ($650.13) a tonne at the close of trade, down for a fifth straight session. It had earlier touched its lowest since Oct. 19 at 2,709 ringgit.

KUALA LUMPUR: Malaysian palm oil futures hit their lowest in nearly a month on Wednesday evening, tracking weakness in crude oil and as the ringgit strengthened.

The Malaysian currency hit its strongest in about a year against the dollar and was last up 0.5 percent at 4.1730.

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ringgit , dollar , markets , palm oil , CPO , Bursa , futures , derivatives , stocks , price ,

   

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