Malaysian palm oil prices suffers fifth session of losses on stronger ringgit


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.

KUALA LUMPUR: Malaysian palm oil futures fell on Monday evening on the back of a stronger ringgit  and official data showing that output rose in March.

    The palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed 0.5 percent down at 2,667 ringgit ($686) a tonne for a fifth straight session of declines. It earlier touched an intraday low of 2,661 ringgit, its lowest since March 24.  

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