Malaysian palm oil futures fell to their lowest in nearly three years on Friday evening in a fourth session of losses, tracking declines in related edible oils.
KUALA LUMPUR: Malaysian palm oil futures fell to a three-year low on Thursday, weighed down by expectations of rising production and end-stocks in producer nations Indonesia and Malaysia.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed down 0.6 percent at 2,146 ringgit ($519) a tonne. It had touched an intraday low of 2,173 ringgit, its weakest level since Sept. 21, 2015.
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