Palm oil dips on India's import curbs, set for biggest weekly fall in over 7 years


The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down RM6, or 0.2%, to RM2,881 by 2:58 GMT, it's lowest in a month.

KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in a month on Friday and were set for their worst weekly decline since 2012, as India's import restrictions on Malaysian palm oil dragged prices.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down RM6, or 0.2%, to RM2,881 by 2:58 GMT, it's lowest in a month.

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refined palm oil , India , curbs

   

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