KUALA LUMPUR: Palm oil futures fell by more than 2 per cent on Wednesday to hit their lowest levels in a month, triggered by weakness in US soyoil prices on the Chicago Board of Trade.
Malaysia’s palm oil stockpiles at the end of May dropped 10.3pc from the previous month to 2.45 million tonnes, industry regulator the Malaysian Palm Oil Board said on Wednesday. Production in May rose 1.3pc month-on-month to 1.67m tonnes.
Published in Dawn, June 13th, 2019
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