Palm ends lower on profit booking after 2-session rally – Markets

JAKARTA: Malaysian palm oil futures closed lower on Tuesday as investors booked profit after two sessions of sharp gains on lower palm oil stocks and rising oil prices.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange lost 57 ringgit, or 1.27%, to 4,443 ringgit ($987.33) a metric ton at the close.

“The market is currently navigating a critical…