KUALA LUMPUR: Mal­a­­y­­sian palm oil futures fell more than 1 per cent on Wednesday evening, dipping to their lowest in nearly three weeks, as they tracked weaker-performing soyoil on the Chicago Board of Trade and China’s Dalian Commodity Exchange.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 1.4pc at 2,581 ringgit ($601.49) a tonne at the close of trade, recording a second straight session of declines.

Earlier in the session, it hit 2,579 ringgit a tonne, its lowest since May 5. Traded volumes stood at 47,257 lots of 25 tonnes each in the evening.

Export data from cargo surveyors for the May 1-25 period is scheduled for release after 0300 GMT on Thursday.

Published in Dawn, May 25th, 2017