Malaysian palm oil price hits 3-month low on rising output, slow export demand

Malaysian palm oil futures fell in late trade on Friday, charting a third straight session of declines, as they tracked weaker performing soyoils and slowing export demand.

KUALA LUMPUR: Malaysian palm oil futures dropped to their lowest in three months on Friday, on expectations of rising production and slow export demand. 

    Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange were down 2.4 percent at 2,859 ringgit ($642.33) a tonne in the evening. Earlier, they hit 2,851 ringgit, the lowest since Nov. 18.