KUALA LUMPUR: Malaysian palm oil futures opened lower on Friday, weighed down by weaker Chicago soyoil and crude oil prices as US President Donald Trump’s reciprocal tariffs kicked into high gear a global trade war that threatens to stoke inflation and stall growth.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 92 ringgit, or 2.05%, to 4,397 ringgit ($993.67) a metric ton in early trade.
The contract fell 0.62% on Thursday.
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