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
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
