JAKARTA (Reuters) - Malaysian palm oil futures plunged by more than 4% on Wednesday, shedding sharp gains from the previous session after a fall in soyoil prices on an improved weather outlook for the U.S. Midwest crop belt.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed 4.1% lower, to RM3,398 a tonne.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
