Malaysian palm oil futures came off near three-month lows to trade higher on Tuesday evening on concerns about a decline in February production, traders say.
KUALA LUMPUR: Malaysian palm oil futures had their weakest intraday performance in one week, snapping two straight sessions of gains, as a stronger ringgit and concerns over rising production weighed on the market.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange dropped 1.7 percent to 2,486 ringgit ($569.01) a tonne at the midday break, its biggest fall since April 17.
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