Malaysia palm oil price tumbles on lacklustre export data

A worker checks a container with palm oil fruits collected at a plantation in Chisec, Guatemala December 19, 2018. - Reuters

KUALA LUMPUR:Malaysian palm oil futures slid on Tuesday, logging a fourth consecutive session of declines, as lacklustre export data and softer soyoil prices kept a lid on sentiment.

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange was down 0.9% at 1,980 ringgit ($477.80) per tonne at the close, hitting a two-week low.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

palm oil , markets , Bursa , futures , derivatives , price , soyoil , data , export ,


Next In Business News

BNM: Micro, small businesses to continue enjoying zero-cost transactions via DuitNow QR payments
Hong Leong Bank to continue to waive transaction fees for DuitNow QR payments
Public Mutual declares over RM47mil for two funds
Budget 2024: A tough balancing act for Anwar
Marine & General cautiously optimistic about FY24 performance
WtE space heats up
CPO price set to recover
Private hospitals, insurers stirred as claims rise
Fit for expansion
Streamlining a business practicality

Others Also Read