Malaysian palm oil futures declined for a third straight session on Thursday after a drop in soybean oil selling momentum, as well as a lower-than-expected U.S. biofuel mandate.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange dropped 1.25% to 3,569 ringgit ($767.86) per metric ton at the closing of the market.
By: via Malaysian Palm Oil Council Russia
To promote the market expansion of Malaysian palm oil and its products by enhancing the image of palm oil and creating better acceptance of palm oil through awareness of various technological and economic advantages (techno-economic advantages) and environmental sustainability. MPOC on Telegram https://t.me/oilpalm
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