Commodities
Palm Oil Declines on Sharp Selloff in Vegetable Oils in China
This article is for subscribers only.
Palm oil extended its drop to head for the lowest level in more than two weeks as losses in vegetable oils in China weighed on the tropical oil market in Kuala Lumpur.
Benchmark palm oil futures were down 1% by the midday break, tracking declines of more than 1.5% in prices of soybean oil and refined palm oil on the Dalian Commodity Exchange.