Archive · Business Recorder
Palm oil tracks rival edible oils and crude lower; heads for weekly gain
JAKARTA: Malaysian palm oil futures fell on Friday, tracking weaker rival edible oils on the Dalian and Chicago exchanges and crude oil, but remained on track for a weekly gain. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 30 ringgit, or 0.61%, to 4,906 ringgit ($1,203.93) a metric ton by the midday break. The contract has gained 1.91% so far this week. “FCPO futures remained in negative territory on Friday, mirroring selling pressure across the broader commodity complex during Asian trading hours,” a Kuala Lumpur-based trader said. Dali...
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 →