Palm oil dropped for the first time in four days on concern supplies of edible oils will increase in the second half...
As per reports and information,Palm oil dropped for the first time in four days on concern supplies of edible oils will increase in the second half, helping stockpiles rise from a 10-month low.Futures for September delivery lost as much as 0.4 percent to 2,330 ringgit a metric ton on the Malaysia Derivatives Exchange and paused at 2,338 ringgit at the midday break.
Malaysian palm oil stocks fell to its lowest level in more than a year mainly due to adverse weather, suggesting a boost in palm oil prices in the near future.