Palm retreats on profit-taking, weak demand
KUALA LUMPUR: Malaysian palm oil futures slipped on Wednesday after a two-session rally, as traders locked in profits and sluggish export demand weighed on the market. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange slid 21 ringgit, or 0.42%, to 4,952 ringgit ($1,225.44) a metric ton by the midday break. The market succumbed to profit taking, while…
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