Palm oil prices fall to 1-week low ahead of export data

JAKARTA: Malaysian palm oil futures extended losses into a third straight session on Thursday, reversing earlier gains as traders positioned themselves ahead of industry data due out in the coming days.

By the close, the benchmark May contract on the Bursa Malaysia Derivatives Exchange had slipped 0.3% to RM2,812 (US$860) per tonne. Prices earlier touched RM2,802, a level not tested seen since March 4.