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Malaysian palm oil price falls over 1% on weaker export outlook


  • Palm Oil
  • Tuesday, 12 Feb 2019

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to 2,266 ringgit ($556.76) a tonne at the end of the trading day, a second straight day of declines.  It had earlier fallen to 2,264 ringgit, its lowest since Jan. 23

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to 2,266 ringgit ($556.76) a tonne at the end of the trading day, a second straight day of declines. It had earlier fallen to 2,264 ringgit, its lowest since Jan. 23

KUALA LUMPUR: Malaysian palm oil futures fell over 1 percent to their lowest in nearly three weeks on Monday as traders turned bearish due to a weaker outlook for exports.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to 2,266 ringgit ($556.76) a tonne at the end of the trading day, a second straight day of declines.

Palm Oil , Markets , Plantations

   

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