KUALA LUMPUR: Malaysian palm oil futures fell over 1 per cent on Tuesday evening to trade around three-year lows, tracking weakness in crude oil and on existing concerns over high palm stocks.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 1.3pc at 2,007 ringgit ($478.77) a tonne at the end of the trading day for a sixth consecutive day of losses. It earlier fell to an intraday low of 2,006 ringgit, its lowest levels since Sept. 2015. Trading volumes stood at 38,577 lots of 25 tonnes each at the close of trade.
Published in Dawn, November 14th, 2018
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