Malaysian palm oil futures on Thursday registered their sharpest daily fall in nearly two weeks, weighed down by weaker-performing related edible oils and a technical sell-off.
KUALA LUMPUR: Malaysian palm oil futures rose to their highest in over a month on Thursday evening, charting a fourth consecutive day of gains, tracking strength in related edible oils on China's Dalian Commodity Exchange.
Forecasts of falling production also lent support, traders said. A Reuters poll had forecast production to fall to 1.62 million tonnes in June, down 2.1 percent from the previous month.
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