Malaysian palm oil price sees 4th day of falls on bearish trade sentiment


The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.2 percent at 2,403 ringgit ($617.90) a tonne at the close of trade. It earlier rose as much as 0.7 percent to 2,424 ringgit.

KUALA LUMPUR: Malaysian palm oil futures fell for a fourth straight day on Thursday, hitting a two-year low, as weak sentiment persisted due to concerns about a trade war between China and the United States and on losses in U.S. soyoil.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.5 percent at 2,251 ringgit ($560.79) per tonne at the close.

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