Malaysian Palm Oil Futures Decline Amidst Edible Oil Pressures

KUALA LUMPUR: On Monday, Malaysian palm oil futures commenced trading with a downward trend, influenced by the weakness in competing edible oils. However, gains in crude oil prices helped to cushion the extent of the decline.

Benchmark Contract Details

The benchmark palm oil contract, scheduled for July delivery on the Bursa Malaysia Derivatives Exchange, experienced a decrease of 60 ringgit, equivalent to 1.48%, settling at 3,997 ringgit per metric ton during the early trading session.