Palm edges lower on cheaper rivals and lower demand, weaker ringgit limits losses

Capt. John

Malaysian palm oil futures fell for a second straight day on Thursday, as it tracked cheaper rival oils and as improved demand prospects from India faded, although a weaker ringgit limited some losses. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange fell 21 ringgit, or 0.6%, to 3,384 ringgit …

The post Palm edges lower on cheaper rivals and lower demand, weaker ringgit limits losses first appeared on Hellenic Shipping News Worldwide.

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https://www.hellenicshippingnews.com/palm-edges-lower-on-cheaper-rivals-and-lower-demand-weaker-ringgit-limits-losses/

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