KUALA LUMPUR: Malaysian palm oil futures fell over 1 per cent on Monday before paring some losses, as weakness in overnight soyoil on the US Chicago Board of Trade (CBOT) and data showing declining exports weighed on sentiment.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was down 0.8pc at 2,121 ringgit ($507.54) a tonne at the close, in its first day of trade.

Trading volumes stood at 46,016 lots of 25 tonnes each at the close.

Published in Dawn, December 18th, 2018