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Palm slips on weaker related edible oils

Reuters  |  KUALA LUMPUR 

By Emily ChowKUALA LUMPUR (Reuters) - Malaysian palm oil futures were lower in late trade on Wednesday, recording a third straight day of losses on the back of weaker related edible oils on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange fell 0.1 percent to 2,431 ringgit ($627.68) a tonne at the end of the trading day. Trading volumes stood at 36,862 lots of 25 tonnes each at the close of trade. "The market is still under correction and following weaker related oils," ...

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First Published: Wed, April 11 2018. 16:46 IST