Archive · Business Recorder
Palm ends lower for third session despite strong export demand
KUALA LUMPUR: Malaysian palm oil futures gave up early gains to close lower on Wednesday, their third consecutive daily loss, despite strong export demand ahead of Diwali festive-season buying in India. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange fell 14 ringgit, or 0.3%, to 4,687 ringgit ($1,149.90) a metric ton at the close. The market traded higher in the morning session on the recent robust export strength seen in recent weeks amid the upcoming Diwali season, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg ...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →