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Palm falls on weaker US soyoil, crude oil prices


  • Palm Oil
  • Thursday, 17 Jan 2019

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,175 ringgit ($529.45) a tonne at the close of trade.  Trading volumes stood at 31,538 lots of 25 tonnes each at the end of the trading day.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,175 ringgit ($529.45) a tonne at the close of trade. Trading volumes stood at 31,538 lots of 25 tonnes each at the end of the trading day.

KUALA LUMPUR: Malaysian palm oil futures edged down on Wednesday, though remained range-bound, tracking weakness in soyoil overnight on the U.S. Chicago Board of Trade and crude oil prices.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,175 ringgit ($529.45) a tonne at the close of trade.

Palm Oil , Markets , Plantations

   

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