Malaysian palm oil price declines on slowing exports

Malaysian palm oil futures closed higher on Tuesday, recovering from earlier declines as the ringgit's weakness helped prices

KUALA LUMPUR Malaysian palm oil gave up its early gains on Thursday, declining towards the end of the trading day as rallies of rival vegetable oils on China's Dalian Commodity Exchange slowed and palm export demand weakened.  

Benchmark palm oil futures for January on the Bursa Malaysia Derivatives Exchange fell 0.5 percent to 2,718 ringgit ($650) a tonne on Thursday evening.