(Bloomberg) -- Malaysia palm oil prices had their
biggest drop in more than three years as rising global interest
rates fueled concern that economic growth may slow and reduce
demand for vegetable oils and other commodities.
Equities markets around the world slumped and U.S. Treasury
yields soared to the highest in almost a year on expectations
central banks will raise rates. Palm oil has fallen 11 percent
since reaching a record 2,764 ringgit ($795) a ton on June 6 amid
expectations of rising demand for food and industrial purposes.
Read more at Bloomberg Commodities News
biggest drop in more than three years as rising global interest
rates fueled concern that economic growth may slow and reduce
demand for vegetable oils and other commodities.
Equities markets around the world slumped and U.S. Treasury
yields soared to the highest in almost a year on expectations
central banks will raise rates. Palm oil has fallen 11 percent
since reaching a record 2,764 ringgit ($795) a ton on June 6 amid
expectations of rising demand for food and industrial purposes.
Read more at Bloomberg Commodities News
No comments:
Post a Comment