After returning from Monday's holiday, palm oil futures on the Malaysia Derivatives Exchange (BMD) expanded their decline on June 18th due to weak export demand, Chicago soybean oil, and international crude oil falling.
As of the close, palm oil futures fell between MYR 25 and MYR 48, with the benchmark contract for September 2024 palm oil futures falling approximately MYR 45 or 1.15% to close at MYR 3,883 per ton, equivalent to $823.8 per ton.
The trading range of the benchmark contract is between MYR 3,868 and MYR 3,929.
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