Energy Markets
VEGOILS-Palm oil ends lower on weak need
Malaysian palm oil futures extended losses for a second straight session on Thursday as slow need pressured rates. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange moved 59 ringgit, or 1.36%, to 4,295 ringgit ($ 954.44) a metric ton at the close. The agreement lost 0.25% on Wednesday. Traders are waiting for indications of market healing after the recent rout, nevertheless, demand stays weak and continues to put pressure on costs, stated Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. Authorities in Indonesia have actually also been checking out ways to curb utilized cooking...