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Malaysian palm oil price retreats from 7-month highs on stronger ringgit


  • Palm Oil
  • Saturday, 9 Feb 2019

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange closed down 1.2 percent at 2,290 ringgit ($563.07) a tonne, its sharpest daily fall in over a week

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange closed down 1.2 percent at 2,290 ringgit ($563.07) a tonne, its sharpest daily fall in over a week

KUALA LUMPUR: Malaysian palm oil futures fell more than 1 percent on Friday, retreating from the previous session's seven-month high, hindered by a stronger ringgit and losses in U.S. soyoil on the Chicago Board of Trade.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange closed down 1.2 percent at 2,290 ringgit ($563.07) a tonne, its sharpest daily fall in over a week.

Palm Oil , Markets , Plantations

   

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