KUALA LUMPUR, June 6: Malaysia’s palm oil futures were softer on Friday due to news of favourable weather in India and the United States, traders said.

The benchmark third-month August was last traded at 1,406 ringgit ($370) a ton, down nine ringgit, after trading as high as 1,419 ringgit. Overall volume was heavy at 7,066 lots.

Deals were reported at 1,500 to 1,505 ringgit a ton. June (CPO) for the central region was offered at 1,500 ringgit a ton against bids of 1,495.—Reuters