Commodities
Palm Oil Futures Fall More Than 4% at the Open in Malaysia
Harvested palm oil fruit bunches at a palm oil plantation in Selangor, Malaysia.
Photographer: Samsul Said/BloombergPalm oil futures in Kuala Lumpur fell as much as 4.3% at the open on Tuesday, tracking a slump in crude oil prices after President Donald Trump said the war in the Middle East may end soon.
That erased most of the gains on Monday, when futures finished 4.6% higher at 4,567 ringgit a ton, the highest close since October. The market is now waiting for supply and demand data from the Malaysian Palm Oil board due later on Tuesday.