Saturday, 14 May 2016

Malaysian palm oil price falls

Asian vegetable oil markets fell on Friday, with futures in China and Malaysia declining by 2-4 percent, hit by the effects of a sell-off on China's commodities market.

Malaysian palm oil futures tracked refined, bleached and deodorised (RBD) palm olein on the Dalian Commodity Exchange, falling the most in five months on Friday.

The most actively traded September contract for palm olein and the September soybean oil contract, both on the Dalian Commodity Exchange, fell 4 percent in Friday's late trade.

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