VEGOILS-Palm tumbles over 6% on weak outlook for exports, China lockdown fears

Capt. John

Malaysian palm oil futures plunged more than 6% on Wednesday due to weak July exports and as fears of renewed COVID-19 curbs in China sparked a selloff in rival Dalian oils. The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 276 ringgit, or...

https://www.hellenicshippingnews.com/vegoils-palm-tumbles-over-6-on-weak-outlook-for-exports-china-lockdown-fears/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon