date:Aug 26, 2015
Palm oil slumped for a fifth day to trade near a bear market as rising supplies threatened to swell stockpiles amid concerns that Chinas economic slowdown will curb demand for raw materials.
The benchmark futures contract on Bursa Malaysia Derivatives in Kuala Lumpur retreated 0.5 percent to 1,906 ringgit ($452) a metric ton on Tuesday, the lowest level at close since March 2009. A close below 1,903 will be more than 20 percent drop from this years closing high of 2,378 ringgit reached on March