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Malaysian palm oil futures fell for a second straight session, with the July contract on Bursa Malaysia down to 3,950 ringgit per tonne. The decline followed drops in rival edible oils and crude oil, and a firmer ringgit.
Soyoil and palm contracts also fell on the Dalian and Chicago exchanges.
Weaker rival oils and crude reduce palm's price competitiveness and pressure futures lower. A stronger ringgit also makes Malaysian palm more expensive for foreign buyers.
finimize.comFinimize NewsroomApr 29, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
