Palm oil futures fluctuated between gains and losses as investors weighed slow harvesting of oil palm trees in flood-hit areas of second-biggest grower Malaysia. “The adverse weather conditions are expected to disrupt plantation operations, potentially leading to lower production for the remainder of this month,” said an analyst. “No doubt demand is also weak from India, China and Pakistan,” but that would be outweighed by the impact of flooding in Malaysia, he said. However, factors such as weaker exports and a stronger ringgit won’t be supportive of prices, according to a trader. ( Source: Bloomberg)
