Malaysian palm oil price hits near 2-week low on strong output forecast

Asian share markets faced a testing time on Monday after Wall Street suffered its worst starting week in history and doubts over Beijing's policy choices sent investors into the arms of the safe-haven yen and sovereign bonds.

    Earlier in the session the contract hit 2,708 ringgit, its lowest since March 25. Traded volumes were 48,993 lots of 25 tonnes each, above a 2015 daily average of 44,600 lots.

    "Some expect better production in April, and exports are not promising," said a trader based in East Malaysia, adding that the market expects March output to grow 8-10 percent month-on-month.