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Palm oil falls

February 12, 2019

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KUALA LUMPUR: Malaysian palm oil futures fell over 1 per cent to their lowest in nearly three weeks on Monday as traders turned bearish due to a weaker outlook for exports.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fell 1.1pc to 2,266 ringgit ($556.76) a tonne at the end of the trading day, a second straight day of declines. It had earlier fallen to 2,264 ringgit, its lowest since Jan. 23. Trading volumes stood at 35,402 lots of 25 tonnes each at the close of trade.

Published in Dawn, February 12th, 2019