Back Apr 23, 2025

Palm slips on lower ringgit; stronger crude oil caps downside

JAKARTA: Malaysian palm oil futures opened lower on Wednesday, tracking weakness in the ringgit, while a stronger crude oil helped limit losses.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange lost 18 ringgit, or 0.45%, to 3,948 ringgit ($896.25) a metric ton in early trade.

Source: Reuters

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