Palm Oil Drops as Falling Malaysian Exports Signal Weak Demand
This article is for subscribers only.
Palm oil retreated on concern that stockpiles in Malaysia, the world’s second-largest producer, may remain near a record as exports decline.
The contract for March delivery fell 0.4 percent to close at 2,341 ringgit ($766) a metric ton on the Malaysia Derivatives Exchange in Kuala Lumpur. Futures are heading for a 26 percent drop this year, the worst annual loss since the financial crisis in 2008.