Economics
Palm Oil Declines as Investor Demand Wanes on China Concerns
This article is for subscribers only.
Palm oil fell as signs that economic expansion in China, the largest edible oil user, may be cooling damped investor appetite for the commodity.
September-delivery futures lost as much as 1.3 percent to 2,342 ringgit ($724) a metric ton on the Malaysia Derivatives Exchange before closing at 2,346 ringgit. The contract yesterday touched 2,338 ringgit, the lowest price for the most-active contract since Nov. 17.