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Malaysian palm oil price down over 1% on weaker US soyoil


  • Palm Oil
  • Saturday, 16 Feb 2019

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,253 ringgit ($551.80) a tonne at the close of trade, its sharpest daily decline in a week.   The contract also lost 1.6 percent this week in its second straight weekly decline.  Trading volumes stood at 32,706 lots of 25 tonnes each on Friday evening.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,253 ringgit ($551.80) a tonne at the close of trade, its sharpest daily decline in a week. The contract also lost 1.6 percent this week in its second straight weekly decline. Trading volumes stood at 32,706 lots of 25 tonnes each on Friday evening.

KUALA LUMPUR: Malaysian palm oil futures fell over 1 percent on Friday, recording a fifth session of declines in six, tracking weakness in soyoil on the U.S. Chicago Board of Trade (CBOT).

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,253 ringgit ($551.80) a tonne at the close of trade, its sharpest daily decline in a week. 

Palm Oil , Markets , Plantations

   

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