Malaysian palm oil hits near 3-wk low as China, US soy markets drag
date:Jan 08, 2014
ggit will hamper the market from going down too sharp.

The Malaysian ringgit was trading at 3.2800 against thegreenback on Tuesday, having dropped about 0.1 percent sincethe start of the year. A weaker ringgit attracts buying interestfrom overseas buyers and keeps prices supported.

The benchmark March contract on the Bursa MalaysiaDerivatives Exchange had inched down 1.7 percent to 2,561ringgit ($781) per tonne by Tuesday's close. Prices earliertoucher 2,558 ringgit, the lowest level since
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05/09 09:06