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Malaysian palm oil price charts 3rd weekly loss on demand woes


  • Palm Oil
  • Saturday, 16 Mar 2019

The benchmark third-month palm oil contract on the Bursa Malaysia Derivatives Exchange was up 0.15 percent at 2,066 ringgit ($505.26) a tonne by the end of the trading day.  Earlier in the session, it dropped to its weakest since mid-December at 2,038 ringgit a tonne

The benchmark third-month palm oil contract on the Bursa Malaysia Derivatives Exchange was up 0.15 percent at 2,066 ringgit ($505.26) a tonne by the end of the trading day. Earlier in the session, it dropped to its weakest since mid-December at 2,038 ringgit a tonne

SINGAPORE/KUALA LUMPUR: Malaysian palm oil futures charted a third consecutive week of declines on Friday evening on concerns over demand from top buyers China and India, though prices reversed some losses to end the trading day slightly higher.

Abundant supplies in key consumers of the tropical product are expected to weigh on the market, although the downside is limited, traders said.

Palm Oil , Plantations , Markets

   

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