Palm slips on weaker rivals; firmer crude oil caps losses
Published Jul 19, 2024
Tridge summary
Malaysian palm oil futures fell by 0.38% on Thursday, reaching 3,917 ringgit ($839.84) a metric ton. The decline was largely due to weakness in Dalian and Chicago palm oil contracts. However, the drop was limited by the rise in crude oil prices and a weaker ringgit.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Malaysian palm oil futures fell on Thursday, weighed down by weakness in rival Dalian and Chicago contracts, although firmer crude oil prices and a weaker ringgit capped losses. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange was down 15 ringgit, or ...
Source: UkrAgroConsult
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