Malaysian palm oil price hits lowest in almost 3 years


Malaysian palm oil futures fell nearly 1 percent to their lowest level in two weeks on Monday, recording a third consecutive session of losses, due to weaker exports.

KUALA LUMPUR: Malaysian palm oil futures dropped to their lowest in nearly three years on Thursday, tracking overnight declines in related edible oils, before trimming some losses on the back of a weaker ringgit.

A weaker ringgit, palm's currency of trade, typically lends support to the edible oil by making it cheaper for foreign buyers.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Metal markets rush to adjust to clampdown
Apple’s US$1bil outlay may be a fleeting win
MKHOP’s plantation land deals in the pipeline
Google offers to loosen search agreements
Tether sees US$10bil in net profits for 2024
Qualcomm wins key chips trial against Arm
Higher gold prices expected to boost Malaysia’s exports
Evolving strategies for US market growth
Painting a brighter future
China property flare-ups resurface as crisis enters its fifth year

Others Also Read