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Palm oil lower

November 09, 2018

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KUALA LUMPUR: Mala­y­sian palm oil futures fell nearly 1 per cent on Thursday and hit a fresh three-year low on worries rising production would add on to inventories.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Der­ivatives Exchange was down 0.9pc at 2,092 ringgit ($502.40) a tonne at the midday break, its lowest since September 2015, and he­a­­d­­ing for a third straight session of declines. Trading volumes stood at 14,825 lots of 25 tonn­­es each at noon.

Published in Dawn, November 9th, 2018

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