The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange fell 0.3 percent to 2,382 ringgit ($608.12) a tonne at the close of trade. It earlier fell to 2,380 ringgit, its lowest levels since April 17 and matching the intraday lows of April 18. Trading volumes stood at 23,727 lots of 25 tonnes each at the end of the trading day.
KUALA LUMPUR:Malaysian palm oil futures slipped for a fourth session in five on Friday evening after earlier trading in a range, as traders awaited upcoming industry data and forecasts from leading analysts.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange fell 0.3 percent to 2,382 ringgit ($608.12) a tonne at the close of trade. It earlier fell to 2,380 ringgit, its lowest levels since April 17 and matching the intraday lows of April 18.
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