Home Commodity News Palm reverses earlier losses as ringgit edges lower

Palm reverses earlier losses as ringgit edges lower

Malaysian palm oil futures pared earlier losses and edged higher on Thursday, ending three sessions of consecutive losses, as the ringgit fell for the first time in more than a week, making the edible oil cheaper for holders of foreign currency. The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives …

The post Palm reverses earlier losses as ringgit edges lower first appeared on Hellenic Shipping News Worldwide. Source

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