Malaysian palm oil futures slid for a third consecutive session on Monday, falling to its lowest since mid-November as slowing demand and expectations of higher supplies weighed on the market.
KUALA LUMPUR: Malaysian palm oil futures hit an 8-month low on Wednesday, in a sixth consecutive session of declines, tracking weaker related edible oils and on expectations of rising production and weaker exports, traders said.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange lost 0.3 percent, reaching 2,465 ringgit ($560.42) a tonne at the close of trade.
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