Palm oil slips on weaker rival oils, crude, soft export data
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Malaysian palm oil futures edged lower on Tuesday for a third consecutive session, as weaker rival edible oils, lower crude oil prices and softer export data pressured the market.
KUALA LUMPUR: Malaysian palm oil futures edged lower on Tuesday for a third consecutive session, as weaker rival edible oils, lower crude oil prices and softer export data pressured the market.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange slid 24 ringgit, or 0.6%, to 3,989 ringgit a metric ton in early trade.
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Source : Business Recorder
