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Malaysian palm oil futures fell 4.8% on Friday to post their biggest drop in nearly a month due to technical selling after the contract broke support. The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange ended lower for a fifth consecutive session, falling 4.8% to 3,658 ringgit ($890.89) a .
Read more about Palm oil prices fall most in nearly a month due to technical selling on Business Standard. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market
Petronas and Hess have agreed amendments to an existing upstream gas sales agreement for fields offshore Malaysia that cements the value of the US-based