Palm oil fell in Asian trading, with the Bursa Malaysia Derivatives contract for September delivery down23 ringgit at 4,483 ringgit a ton. The market was likely concerned over rising output and higher stock buildup ahead of a key crop report due next week, which will reflect overall supply and demand, said David Ng, a trader at Kuala Lumpur-based Iceberg X. (kimberley.kao@wsj.com)
Dow Jones Newswires
Palm Oil Falls Amid Concerns Over Higher Output, Stocks — Market Talk
Palm oil fell in Asian trading, with the Bursa Malaysia Derivatives contract for September delivery down23 ringgit at 4,483 ringgit a ton. The market was likely concerned over rising output and higher stock buildup ahead of a key crop report due next week, which will reflect overall supply and dema…