Malaysian palm oil price slides to 2-week low as US soyoil, slowing demand growth weighs


palm oil aerial

KUALA LUMPUR: Malaysian palm oil futures fell over 2% at the close of trade on Tuesday, pressured by weaker export growth and losses in soyoil on the Chicago Board of Trade.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last down 2.4% at 2,181 ringgit ($520.53) per tonne on Tuesday evening, the third session of decline in five days and its biggest daily decline in four months

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

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!

palm oil , markets , Malaysia , Bursa , futures , derivatives , price , soyoil , exports ,

   

Next In Business News

Johor Corp gets RM30.99mil integrated sustainable palm oil complex job
Ringgit slips against US dollar at the close
Master Tec 3Q revenue hits record high, declares 0.18 sen dividend
Nestcon bags RM31.6mil civil works contract
AWC bags RM48.57mil facilities management contract
Perak Transit explores new growth avenues
Blue chips push FBM KLCI past 1,600
Swift Energy inks underwriting agreement
Country Garden submits offshore debt restructuring plan to creditors, sources say
Gold prices climb nearly 1% as dollar rally eases

Others Also Read