ADVERTISEMENT

Malaysian palm oil price falls for third session on weakness in related oils


  • Palm Oil
  • Friday, 30 Mar 2018

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 0.6 percent at 2,404 ringgit ($621.83) a tonne at the close, after touching 2,399 ringgit during the session, its lowest since March 13.      Palm prices have declined 6.1 percent so far for this month and nearly 4 percent so far in the first quarter of the year.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 0.6 percent at 2,404 ringgit ($621.83) a tonne at the close, after touching 2,399 ringgit during the session, its lowest since March 13. Palm prices have declined 6.1 percent so far for this month and nearly 4 percent so far in the first quarter of the year.

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday in its third straight session of declines, tracking weakness in related oils on the U.S. Chicago Board of Trade and China's Dalian  Commodity Exchange.

   The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 0.6 percent at 2,404 ringgit ($621.83) a tonne at the close, after touching 2,399 ringgit during the session, its lowest since March 13.

Palm Oil , Plantations , Markets

   

ADVERTISEMENT