Palm oil falls on weak rival oils
Friday, 28 February 2025
JAKARTA, Feb 27 (Reuters): Malaysian palm oil futures plunged on Thursday, snapping two sessions of gains, as weakness in rival oils and abearish outlook from industry analysts weighed down the contract.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange lost 96 ringgit, or 2.21 per cent, to 4,509 ringgit ($1,015.31) a metric ton by the midday break.