Malaysian palm oil price eases as traders book profit


The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange fell 1.1% to 2,526 ringgit ($612.73) a tonne. It was the largest intraday fall in almost four weeks, having hit its highest since January 2018 earlier in the week.

SINGAPORE/KUALA LUMPUR: Palm oil futures dropped on Thursday, giving up some of the previous session's gains as traders took profit while waiting for new leads.

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange fell 1.1% to 2,526 ringgit ($612.73) a tonne.

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