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Malaysian palm oil price snaps winning streak on CBOT soyoil fall


  • Palm Oil
  • Friday, 10 Aug 2018

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 0.5 percent at 2,246 ringgit ($551.30) a tonne at the end of the trading day.  The market climbed to a one-month high in its previous trading session and is up 2.3 percent for the week so far, its sharpest weekly gain since mid May.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 0.5 percent at 2,246 ringgit ($551.30) a tonne at the end of the trading day. The market climbed to a one-month high in its previous trading session and is up 2.3 percent for the week so far, its sharpest weekly gain since mid May.

KUALA LUMPUR: Malaysian palm oil futures ended down on Thursday, snapping a four-session winning streak, on losses overnight in soyoil on the Chicago Board of Trade (CBOT) and as traders turned cautious ahead of a slew of data releases.

Official July data for Malaysia's palm oil inventories, production and exports is scheduled for release by the Malaysian Palm Oil Board (MPOB) after 0400 GMT on Friday.

Palm Oil , Plantations , Markets

   

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