KUALA LUMPUR: Malaysian palm oil futures fell on Friday, after climbing to a two-week high in the prior session, although expectations of strong demand for the vegetable oil kept a floor under prices.
The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed down 1.5 per cent to 2,317 ringgit ($571.6) a tonne. On Thursday, it climbed to 2,368 ringgit, highest since July 5. Volumes stood at 32,734 by close.
Published in Dawn, July 23rd, 2016
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