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News Admin
 
Date
 05/05/2021
News Provider
 Siti Safura Masiron
News Source
 www.brecorder.com
Headline
 Palm oil down


05.05.2021 (www.brecorder.com) - KUALA LUMPUR: Malaysian palm oil futures ended lower on Tuesday after a volatile day of trade, trimming some of the previous session’s gains, on forecast for higher Indonesian output this year and demand concerns due to a surge in COVID-19 cases globally.



The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange ended down 19 ringgit, or 0.47%, at 4,042 ringgit ($981.07) a tonne, after rising 5% on Monday.



The Dalian exchange is closed until May 5 for holidays.



https://www.brecorder.com/news/40090321



ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7802 2800 || Fax : 603 - 7803 3533