Malaysian palm oil futures extended gains, touching a two-week high on Wednesday on improving demand amid expectations of further weakness in the ringgit.
KUALA LUMPUR: Malaysian palm oil futures reversed gains on late on Wednesday in its first decline after three consecutive sessions of gains, weighed down by a weaker export outlook and profit taking.
Benchmark palm oil futures for December on the Bursa Malaysia Derivatives Exchange fell 0.7 percent to 2,675 ringgit ($647) a tonne at the end of the trading day.
