Palm Oil Futures Decline Amid Weaker Market Conditions

KUALA LUMPUR: On Tuesday, Malaysian palm oil futures experienced a slight decrease for the second consecutive trading day, influenced by the decline in prices of competing edible oils and crude oil.

The benchmark palm oil contract, scheduled for July delivery on the Bursa Malaysia Derivatives Exchange, fell by 15 ringgit, equivalent to a 0.38% drop, reaching 3,950 ringgit per metric ton in early trading sessions.