Palm Oil Nears Bear Market as Chinese Demand Outlook Worsens

Updated on
  • Futures slump below 1,900 ringgit for first time since 2009
  • Prices hurt by rout in commodities, weak biodiesel demand

Palm oil slumped for a fifth day to trade near a bear market as rising supplies threatened to swell stockpiles amid concerns that China’s economic slowdown will curb demand for raw materials.

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