KUALA LUMPUR: Malaysian palm oil futures fell 1.5 per cent on Friday, their most in more than seven weeks, tracking losses in rival oils on the Chicago Board of Trade and the Dalian Commodity Exchange due to profit-booking.
The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed down 1.5 per cent at 2,568 ringgit ($620.59). Dalian’s January palm oil contract dropped 1.8pc, its biggest since Feb. 20, while the soyoil contract fell 1.5pc in its biggest ever slump.
Published in Dawn, November 16th, 2019
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