Palm Oil Falls Amid Concerns over Rising Stock Levels in Malaysia
Dow Jones07-10 18:16
1016 GMT - Crude palm oil ended lower amid concerns over rising stock levels in Malaysia, according to David Ng, a trader at Kuala Lumpur-based Iceberg X. Weaker-than-expected export performance, lower crude oil and soybean oil prices were also added to the price pressure, he says. Ng sees palm oil prices supported above 4,500 ringgit a ton and faces resistance at 4,680 ringgit a ton. The Bursa Malaysia Derivatives contract for September delivery falls 83 ringgit to 4,511 ringgit a ton. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
July 10, 2026 06:16 ET (10:16 GMT)
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