Prices of Malaysian palm oil declined in futures market

After several increases, the price of Malaysian palm oil fell in the futures market on Friday. The future supply price of the product has decreased by 1 percent. News Business Recorder.

Meanwhile, prices have come down on the last working day but have gone up compared to last week. Originally, the Malaysian Palm Oil Board received a weekly price increase due to the release of data on the supply of the product.

On the Bursa Malaysia Derivatives Exchange, the international market standard palm oil for delivery in October fell 61 ringgit, or 1.36 pecent, to 4,413 ringgit (1,042 dollars). However, the prices of the product has increased by 3.5 percent compared to last week.

Sunbd/NJ