KUALA LUMPUR: Malaysian palm oil futures fell on Thursday evening, charting a fifth session of losses in six and hitting their lowest in nearly four months as concerns persisted over rising production and weak exports.

Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange declined 1 per cent to 2,782 ringgit ($625.59) a tonne at the close of trade. The contract dropped to as low as 2,743 ringgit in the second half of trading, its weakest since Nov 4.

Traded volumes stood at 95,844 lots of 25 tonnes each on Thursday evening.

Published in Dawn, February 24th, 2017