Palm Oil Falls as Soybean Oil Output May Rise

Palm  oil futures dropped as much as 2.5 per cent on concern that production of rival soybean oil may increase.

The November-delivery contract fell to RM2245 a metric ton, the lowest since Aug 21, before trading at RM2246 at 11:12 a.m. local time on the Malaysia Derivatives Exchange. – Bloomberg Source : Business Times


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