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Vegoils: Palm oil extends loss into fifth session tracking weak soybean

Reuters  |  NEW DELHI 

By Mayank BhardwajNEW DELHI (Reuters) - Malaysian palm oil futures extended losses into a fifth straight session on Friday to hit their lowest in one month, tracking weaker soybean prices in Chicago, while slowing demand growth and higher inventories also weighed.The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.46 percent at 2,376 ringgit ($596.69) a tonne at the midday break.Trading volume stood at 16,735 lots of 25 tonnes.A Kuala Lumpur-based palm oil trader said palm oil fell because of weakness in the so-called soy complex of soybeans, soyoil ...

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First Published: Fri, June 08 2018. 11:38 IST
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