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Malaysian palm oil price in sharpest fall in 2 weeks on bearish data


  • Palm Oil
  • Friday, 11 Jan 2019

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 0.9 percent to 2,163 ringgit ($528.21) a tonne at the close of trade, its biggest daily decline since Dec. 26 and coming off a near three-week high it hit in the previous trading session.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 0.9 percent to 2,163 ringgit ($528.21) a tonne at the close of trade, its biggest daily decline since Dec. 26 and coming off a near three-week high it hit in the previous trading session.

KUALA LUMPUR: Malaysian palm oil futures declined at their sharpest daily rate in two weeks by the end of trade on Thursday, snapping two sessions of gains, on bearish official data on December inventories, production and exports.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 0.9 percent to 2,163 ringgit ($528.21) a tonne at the close of trade, its biggest daily decline since Dec. 26 and coming off a near three-week high it hit in the previous trading session.

Palm Oil , Markets , Plantations

   

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