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HomeBusinessPalm oil falls for second session on weaker rivals By Bernadette Christina

Palm oil falls for second session on weaker rivals By Bernadette Christina

JAKARTA: Malaysian palm oil futures fell for a second straight session on Monday, weighed down by weaker rival vegetable oils in Chicago and Dalian, though losses were limited by stronger crude oil prices and a softer ringgit. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 13 ringgit, or 0. 28%, at 4, 659 ringgit ($1, 141. 91) a metric ton, trading in a tight range between 4, 653 ringgit and 4, 720 ringgit. The contract dropped 4. 61% last week.

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