MDEX: Palm oil closes sharply lower on Friday.

The June contract of palm oil closed the session this Friday (8) with a sharp drop of 1.13% in Malaysian Derivatives Exchange (MDEX)The price for corn, quoted at US$1,140.75/ton, fell 1.14% to US$1,149.25/ton. For the week, the commodity accumulated losses of 0.22% and 0.13%, respectively.

In this trading session, commodity prices were pressured by the negative yield of palm oil in Dalian Exchange (DCE), which closed down 0.85%, while soybean oil fell 1.26% in the Chinese index.

By limiting further losses, the Malaysian ringgit It weakened 0.28% against the dollar, a factor that makes the commodity cheaper for foreign buyers.

This text was translated by machine from Brazilian Portuguese.