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Malaysian palm oil price falls from 2-week high on profit taking


  • Palm Oil
  • Friday, 4 Jan 2019

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange had risen as much as 0.7 percent to 2,181 ringgit before losing its gains. It was last down 0.7 percent at 2,151 ringgit ($519.44) a tonne at the end of the trading day.  Trading volumes stood at 32,479 lots of 25 tonnes each at the close of trade.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange had risen as much as 0.7 percent to 2,181 ringgit before losing its gains. It was last down 0.7 percent at 2,151 ringgit ($519.44) a tonne at the end of the trading day. Trading volumes stood at 32,479 lots of 25 tonnes each at the close of trade.

KUALA LUMPUR: Malaysian palm oil futures fell from a two week high in evening trade on Thursday, charting a first session of losses in five, on the back of profit taking activities.

The market was earlier up on a weaker ringgit, but a sharp decline in crude oil prices capped gains.

Palm Oil , Markets , Plantations

   

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