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Vegoils: Palm extends fall to over 22-month low, dragged by weaker related oils

Reuters  |  KUALA LUMPUR 

By Liz LeeKUALA LUMPUR (Reuters) - Malaysian palm oil futures extended falls to a more than 22-month low on Wednesday, tracking weakness in related edible oils.The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.3 percent at 2,318 ringgit ($580.66) per tonne, its eighth session fall in a row.During the session, it fell as much as 1.1 percent to 2,300 ringgit, the lowest since July 28, 2016.Trading volumes stood at 55,823 lots of 25 tonnes each.Sentiment has been hurt by softer rival oils and crude oil, said a trader based in Kuala ...

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First Published: Wed, June 13 2018. 16:44 IST