KUALA LUMPUR: Malaysian palm oil futures ended lower on Tuesday after a volatile day of trade, trimming some of the previous session’s gains, on forecast for higher Indonesian output this year and demand concerns due to a surge in COVID-19 cases globally.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange ended down 19 ringgit, or 0.47%, at 4,042 ringgit ($981.07) a tonne, after rising 5% on Monday.
The Dalian exchange is closed until May 5 for holidays.
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