Malaysian palm oil futures fell on Thursday after a three-day rally to a record high, as crude oil prices declined although worries of tight supply lent some support to the vegetable oil. The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange slid 47 ringgit, or 0.96%, to 4,825 ringgit …
The post Palm tracks crude to snap three-day rally, supply fears cap losses first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John