Energy Markets
VEGOILS - Palm slips due to weak Chicago crude oil and soyoil, Trump tariff woes
Malaysian palm futures declined on Friday as a result of lower Chicago soyoil prices and crude oil, while President Donald Trump’s reciprocal tariffs fueled uncertainty about global trade. This fueled fears about inflation and slowing growth. At midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for June delivery fell 126 ringgit or 2.81% to 4,363 Ringgit ($988.00), a metric tonne. This week, the contract has fallen by 1.27%. A Kuala Lumpur based trader stated that crude palm oil futures fell due to the uncertainty surrounding global trade after Trump's tariff announcement. The trader reported that palm oil...