KUALA LUMPUR (Reuters) - Palm oil futures slid on Monday as the tropical commodity's global consumption is expected to drop, while production in June is estimated to have risen so far.
Leading analyst Thomas Mielke said that for the first time ever, world consumption of palm oil would decline this season due to the impact of the COVID-19 pandemic.
Already a subscriber? Log in.
Subscribe now and receive free sooka plan for 1 month. T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
