Malaysian palm oil price retreats over 1% on weak CBOT soyoil


Malaysian palm oil futures recouped earlier losses to rise 1 percent on Friday, tracking strength in crude oil prices.

KUALA LUMPUR: Malaysian palm oil futures fell over 1 percent on Tuesday, retreating from the previous session's sharp gains on weakness in Chicago soyoil and overnight crude oil.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange opened steady at 2,327 ringgit and was down 1.2 percent at 2,300 ringgit ($559.47) a tonne by the midday break.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
palm oil , markets , Bursa , futures , derivatives , price , soyoil , CBOT , oil ,

Next In Business News

Tenaga's Spark RE investment boosts net zero 2050 plans
Malaysia only market to record net foreign inflows at RM98.5mil - MBSB
AirAsia X to raise fares, trim capacity amid rising oil prices
Oiltek, BioSeaga to jointly develop RM1.65bil SAF biorefinery in Sabah
Oil prices rise as US-Israeli war with Iran continues to disrupt supply
Asia markets brace for Trump's promised assault on Iranian infrastructure
Ringgit opens higher against greenback, major currencies amid linger geopolitical tensions
Stocks sink as no sign of conflict de-escalation
Trading ideas: IJM, Affin, Kerjaya, Cypark, Sunview, TNB, Nextgreen, EG, PTT, TSR Capital, Kee Ming, T7, Kenyalang
Record megadeals set the pace for global M&A gains

Others Also Read