Palm slips on weaker rivals; firmer crude oil caps losses

18 Jul, 2024

KUALA LUMPUR: 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.

Palm oil rises on firmer rivals, higher Malaysian export estimates

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 15 ringgit, or 0.38%, to 3,917 ringgit ($839.84) a metric ton by 0239 GMT.

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