Palm Oil Falls on Weaker Crude; Oil Prices Hit Week-Low

Malaysian palm oil futures fell 0.64% to 4,643 ringgit ($1,135.76) per metric ton, extending losses for a second session. The decline was primarily driven by weaker crude oil prices, which hit their lowest levels in over a week, and falling soyoil prices. Despite robust export demand limiting the fall, the overall market succumbed to selling pressure. Sustained weakness in global crude oil prices could indirectly influence investor sentiment towards commodities, potentially affecting gold and silver prices in Pakistan.

بحوالہ / Source: www.brecorder.com