Palm oil falls on weak yuan, demand worries

JAKARTA (July 19): Malaysian palm oil futures fell on Tuesday, after a brief recovery, as the weak yuan is seen hurting demand amid signs of waning exports.
 
Benchmark palm oil futures on the Bursa Derivatives Exchange were down 0.9% to 2,258 ringgit (US$566.13) per tonne by the mid-day break.
Prices had climbed to a one-week high of 2,299 on Friday, after hitting a 10-month low of 2,186 ringgit earlier last week.Categories: Latest News
Source: The Edge





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