Malaysian palm oil futures closed nearly 1 percent higher on Wednesday, posting their third straight session of gains, on the back of a weaker ringgit. (Filepic shows an oil palm plantation worker carrying an oil palm bunch to be loaded onto the back of a truck at a plantation near Sepang. - Reuters
KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in more than five months on Monday in a third consecutive session of losses, weighed down by weaker performing related vegetable oils.
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 2.1 percent at 2,695 ringgit ($611.25) a tonne at the close of trade, its biggest daily decline in two weeks.
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