Harvesting oil palm fruit bunches is a skilled job that cannot be automated and relies heavily on manual labour. Photo: Malaysian Palm Oil Council
KUALA LUMPUR: Malaysian palm oil futures fell for a third straight session on Thursday, hitting their lowest in a week due to forecasts for rising output and weaker performing related edible oils.
The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange closed down 1.4 percent at 2,604 ringgit ($608.84). It earlier dropped to an intraday low of 2,602 ringgit, its weakest since July 26.
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