Palm oil futures drop as June inventories surge to four-month high

Malaysian palm oil futures have opened lower on Thursday, with the September delivery contract on the Bursa Malaysia Derivatives Exchange falling by 6 ringgit or 0.15% to 3,912 ringgit ($834.65) due to a surge in inventories in June, reaching a four-month high.

Malaysian palm oil futures opened lower on Thursday, a day after the industry regulator said inventories in June surged to a four-month high. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange lost 6 ringgit or 0.15%, to ...