Palm Oil's Price Plunge Makes Vegetable Kingdom Not-So-Slick
Key Points
- Malaysian palm oil futures are plummeting, with the benchmar...
Looks like palm oil futures aren't exactly giving investors the high-five they were hoping for. Malaysian palm oil markets are having their own version of a financial spa day - complete with an unwanted deep discount treatment.
Slippery Slopes & Oily Woes
As of March 4, 2025, palm oil's benchmark May delivery contract has slid to 4,390 ringgit ($983.64) per metric ton, dropping 2.1% in early trade. Yesterday's 1.54% dip apparently wasn't enough of a downward spiral for this greasy commodity. Blame it on the weakening rival oils in Dalian and Chicago markets, plus crude oil's less-than-crud...
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