Malaysian palm oil futures extended gains on Thursday evening, supported by strength in soyoil markets, favourable export numbers and end of year production concerns
KUALA LUMPUR: Malaysian palm oil futures fell on Thursday evening, charting a fourth decline in five sessions as the edible oil was weighed down by a stronger ringgit and the prospect of rising production, traders said.
The ringgit rose to its strongest level in over a year on Thursday morning. It gained as much as 0.4 percent to 4.0950 against the dollar, and was slightly up 0.1 percent at 4.1050 in the evening.
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