Palm Oil Futures Decline Amid Currency Fluctuations

KUALA LUMPUR: On Wednesday, Malaysian palm oil futures began the trading day with a decrease, influenced by a weaker ringgit. However, gains in crude oil prices helped to moderate the extent of the losses.

Benchmark Prices

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange experienced a reduction of 18 ringgit, equivalent to 0.45%, reaching 3,948 ringgit ($896.25) per metric ton in early trading activity.