Home Commodity News Palm extends falls on lower EU imports, cheaper rivals

Palm extends falls on lower EU imports, cheaper rivals

Malaysian palm oil futures fell for a third straight session on Wednesday, tracking weakness in rival Chicago and Dalian oils and weighed down by lower European Union imports. The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange declined 1.1% to 4,207 ringgit ($1,014.47) a tonne in early trade. A …

The post Palm extends falls on lower EU imports, cheaper rivals first appeared on Hellenic Shipping News Worldwide. Source

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