Renewable Energy
VEGOILS - Palm down on weaker Soyoil and the prospect of increased production, but logs a monthly gain
Malaysian palm futures declined?on Tuesday as soft soyoil pressured the market and an anticipated increase in production pushed the price up. However, the contract still recorded a'monthly gain. The benchmark palm oil contract for September delivery at Bursa Derivatives Exchange fell 39 ringgit (0.85%) to 4,549 Ringgit ($1,114.40). This month's contract saw a gain of 0.31%, ending two consecutive months of declines. Markets traded lower as a result of a 'weakness in the soybean oil markets during Asian hours. The expectation that output will rise in the next few weeks also weighed on sentiment. Dalian's palm oil contract fell by...