Malaysian palm oil price eases to two-week low on higher production outlook

Malaysian palm oil futures rose on Tuesday evening in their second consecutive day of gains, helped by strong export data and firmer soyoil prices

KUALA LUMPUR: Malaysian palm oil futures fell to a two-week low in late trade on Tuesday, dropping nearly 1 percent as the market was weighed down by expectations of rising production.

Palm oil prices were on an uptrend at the start of the month, tracking gains in rival oilseed soy, but then began to weaken last week as production recovered.