Malaysian palm oil price declines on expectation of higher output

Malaysian palm oil futures hit a six-month low in evening trade on Friday and were headed for a third consecutive session of declines, weighed down by a stronger ringgit.

KUALA LUMPUR: Malaysian palm oil futures fell in Friday evening trade, charting a third day of losses in four on expectations of rising output.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.2 percent at 2,442 ringgit a tonne at the close.