KUALA LUMPUR: Malaysian palm oil futures fell for a third straight session on Friday evening, hitting a 1-1/2 week low, tracking weakness in overnight crude and US soyoil prices.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.2 per cent at 2,013 ringgit ($480.77) per tonne at the close of trade. Earlier in the session, it fell as much as 1.1pc to 1,993 ringgit, its weakest level since May 14. Palm oil prices were down 4.1pc for the week.
Published in Dawn, May 25th, 2019
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