KUALA LUMPUR: Malaysian palm oil futures ended lower on Wednesday, weighed down by fears of lower imports from India and Iran’s attack on US-led forces in Iraq, but fears of a shortfall in supply limited losses.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed down 4 ringgit, or 0.13 per cent, at 3,038 ringgit ($740.98). Palm oil had fallen three out of four sessions this week, and had ticked up 0.2pc in the previous session.
Published in Dawn, January 9th, 2020
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