KUALA LUMPUR: Malaysian palm oil futures fell nearly 1 per cent on Thursday and hit a fresh three-year low on worries rising production would add on to inventories.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 0.9pc at 2,092 ringgit ($502.40) a tonne at the midday break, its lowest since September 2015, and heading for a third straight session of declines. Trading volumes stood at 14,825 lots of 25 tonnes each at noon.
Published in Dawn, November 9th, 2018
