KUALA LUMPUR: Malaysian palm oil futures fell on Friday, tracking oil prices which reversed after a rally on Thursday due to conflict concerns in the Middle East.
By Friday’s close, the benchmark June contract on the Bursa Malaysia Derivatives Exchange had edged down 1pc to 2,170 ringgit ($589) a tonne. The contract snapped three weeks of losses to make a modest weekly gain of 0.46pc.
Total traded volume stood at 35,587 lots of 25 tonnes, just above the average 35,000 lots.
Published in Dawn, March 28th, 2015
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