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Vegoils: Palm oil extends fall to over 22-month low on 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 1 percent at 2,303 ringgit ($576.61) per tonne at the midday break, heading for an eighth straight session of decline, in what could be its longest losing streak since mid-June 2016.Earlier in the session, it fell as much as 1.1 percent to 2,300 ringgit, the lowest since July 28, 2016.Trading volumes stood at 20,672 lots of 25 tonnes ...

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First Published: Wed, June 13 2018. 12:39 IST
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