KUALA LUMPUR, Oct 15: Malaysian crude palm oil futures gave up gains and closed mostly lower on Tuesday because of lower-than-expected export numbers for October 1-15 and a weakening rupiah.

At the close, benchmark third-month December futures were three ringgit lower at 1,394 ringgit ($366.84) a ton after trading as high as 1,403 ringgit.

Volume was heavy at 3,357 lots.

In trading of physical crude palm oil, the October contract was offered at 1,405 ringgit a ton against bids of 1,395 for south and central.

Deals were reported at 1,395 to 1,400 ringgit for south and at 1,400 for central.

November was offered at 1,410 against bids of 1,400 for south and central. There were deals at 1,400 for both sides.—Reuters