Palm Oil Futures Decline in Malaysia

KUALA LUMPUR: On Wednesday, Malaysian palm oil futures experienced a decline for the third consecutive trading session. The downward pressure stemmed from weaker prices in competing edible oils, as well as a drop in crude oil values.

Benchmark Contract Details

The benchmark palm oil contract, scheduled for July delivery on the Bursa Malaysia Derivatives Exchange, decreased by 54 ringgit, which is equivalent to a 1.37% drop. This brought the price down to 3,889 ringgit ($900.23) per metric ton in early trading activity.