KUALA LUMPUR: Malaysian palm oil futures fell on Friday, snapping a week-long uptrend, as investors booked profits and weakness in soybean oil prices also weighed.
The benchmark third-month palm oil contract on the Bursa Malaysia Derivatives Exchange fell 0.2 per cent to 2,167 ringgit ($533.48) a tonne, its first drop in six sessions. Supported by expectations of slowing output growth and a better outlook for exports, futures hit their highest since March 4 on Thursday.
Published in Dawn, March 23rd, 2019
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