Palm Oil Falls to One-Week Low as Malaysian Exports May Decline
This article is for subscribers only.
Palm oil declined to the lowest level in almost a week on speculation that exports may decline from Malaysia after the world’s second-largest producer left a tax on shipments unchanged for a fourth month.
The contract for July delivery slid 0.3 percent to 2,296 ringgit ($761) a metric ton on the Bursa Malaysia Derivatives, the lowest level at close for the most-active futures since May 9. Futures have lost 5.8 percent this year.