Palm Oil Futures Decline for Sixth Session

KUALA LUMPUR: Malaysian palm oil futures experienced a downturn at the start of the week, marking their sixth consecutive session of losses. This decline was influenced by weaker prices in competing edible oils and crude oil markets. Market participants are also awaiting export assessments from cargo surveyors.

Palm oil prices have generally increased, but are still headed for their third weekly decrease.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange decreased by 26 ringgit, a 0.65% drop, reaching 3,949 ringgit ($898.93) per metric ton in early trading.