SINGAPORE: Malaysian palm oil lost more ground on Wednesday, falling for a sixth consecutive session to its lowest since October 2009 as slowing exports and prospects of near-record US soybean production weighed on the market.
Exports of Malaysian palm oil products for Aug 1-20 fell 5.39 per cent to 822,026 tonnes from the 868,843 tonnes shipped during July 1-20, cargo surveyor Intertek Testing Services said.
According to cargo surveyor Societe Generale de Surveillance (SGS), palm oil product exports over the same period fell 8.3pc.
Published in Dawn, August 21st, 2014
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