KUALA LUMPUR: Malaysian palm oil futures were virtually flat on Friday, giving up most early gains as profit taking emerged and the market was cautious ahead of export data due early next week.
"Palm is off its high now, probably due to technical selling and traders profit taking ahead of the weekend, as crude oil prices have eased and overseas rival oil markets are also off highs," a Kuala Lumpur-based futures trader said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!