Palm closes at near 8-week low on weaker related oils

palm oil aerial

JAKARTA: Malaysian palm oil futures dropped 0.7% on Monday to post its lowest closing in nearly eight weeks, dragged down by weaker soyoil prices in China.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell to 2,134 ringgit ($509.92) per tonne, the lowest closing since Aug. 7.

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palm oil , price , futures , bursa , derivatives , markets.commodities , soyoil , Dalian , stocks , data , ringgit ,

   

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