Palm oil sees steep fall

Published April 25, 2017

KUALA LUMPUR: Malaysian palm oil futures had their weakest intraday performance in one week, snapping two straight sessions of gains.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange dropped 1.7 per cent to 2,486 ringgit ($569.01) a tonne at the midday break. Traded volumes stood at 49,303 lots of 25 tonnes each at the end of the trading day.

Published in Dawn, April 26th, 2017

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