KUALA LUMPUR: Malaysian palm oil futures fell 1.7 per cent to their lowest in more than a month on Monday, tracking weakness in soyoil on the Chicago Board of Trade and as demand from top consumers China and India weakened. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.7pc at 2,691 ringgit ($640.41) a tonne at the close of trade.

It earlier declined to 2,685 ringgit, its lowest since Aug 21. The contract registered its biggest intraday percentage drop in one week and a second session of decline. Traded volumes stood at 50,474 lots of 25 tonnes each in the evening.

Published in Dawn, September 26th, 2017