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Vegoils: Palm oil near three-year low tracking weakness in related oils

Reuters  |  KUALA LUMPUR 

By Emily ChowKUALA LUMPUR (Reuters) - Malaysian palm oil futures fell to their lowest in nearly three years on Friday and were set for a fourth session of losses, tracking declines in related edible oils. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.1 percent at 2,183 ringgit ($540.61) a tonne at the midday break.It earlier fell as much as 0.7 percent to 2,170 ringgit, the lowest since Sept. 22, 2015. It is down 3.7 percent so far this week, as sentiment was largely bearish due to weak demand and jitters over the Sino-U.S. trade ...

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First Published: Fri, July 13 2018. 12:04 IST
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