KUALA LUMPUR: Palm oil futures fell more than 1 per cent in its fourth straight session of losses on Wednesday evening, tracking weakness in soyoil and bearish data for August released by the Malaysian Palm Oil Board (MPOB).
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was down 1.3pc at 2,237 ringgit ($540.08) a tonne at the close of trade, its sharpest daily decline in a month.
Earlier in the session, it fell to 2,231 ringgit, its lowest levels since Aug. 30. Trading volumes stood at 36,251 lots of 25 tonnes each at the close of trade.
Published in Dawn, September 13th, 2018
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