Malaysian palm oil price slides to 2-week low as US soyoil, slowing demand growth weighs


palm oil aerial

KUALA LUMPUR: Malaysian palm oil futures fell over 2% at the close of trade on Tuesday, pressured by weaker export growth and losses in soyoil on the Chicago Board of Trade.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last down 2.4% at 2,181 ringgit ($520.53) per tonne on Tuesday evening, the third session of decline in five days and its biggest daily decline in four months

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palm oil , markets , Malaysia , Bursa , futures , derivatives , price , soyoil , exports ,

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