Malaysian palm oil futures rose more than 1 percent on Friday evening, charting a third straight day of gains, supported by a weaker ringgit MYR= and rising related edible oils.
KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in a week on Tuesday evening, a fourth straight session of falls, due to a technical correction and traders' expectations that export demand will cool towards the end of the month.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 1.4 percent to 2,767 ringgit ($660.38) a tonne at the closing trade, its sharpest daily drop in a month and a half.
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