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KUALA LUMPUR, Oct 8: Malaysian crude palm oil futures ended 1.1 per cent lower on Monday, weighed down by declining prices of rival soybean oil and the strengthening ringgit against the dollar, traders said.
The benchmark December contract on the Bursa Malaysia Derivatives Exchange finished down 28 ringgit, or 1.1 per cent, to 2,542 ringgit ($750) a ton.
The bearish sentiment in soyaoil futures at the Chicago Board of Trade is spilling over to the palm oil market and this has made players take a good look at Dorab Mistry
The benchmark December contract on the Bursa Malaysia Derivatives Exchange finished down 28 ringgit, or 1.1 per cent, to 2,542 ringgit ($750) a ton.
The bearish sentiment in soyaoil futures at the Chicago Board of Trade is spilling over to the palm oil market and this has made players take a good look at Dorab Mistry
