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Palm oil falls over 1% on exports, rival oils weakness
JAKARTA: Malaysian palm oil futures fell more than 1% on Thursday, retreating from a 21-month high on expectations of rising September inventories, sluggish exports and weakness in rival vegetable oils. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 58 ringgit, or 1.16%, at 4,940 ringgit ($1,206.05) a metric ton at the close. Earlier in the day the contract hit its highest since December 2024. Palm oil tracks rival edible oils as it competes for a share of the global vegetable oils market. Dalian’s most-active soyoil contract fell 0.34...
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