Malaysian palm oil futures fell on Friday, ending a four-day winning streak, as soyoil's weak performance on the Chicago Board of Trade (CBOT) weighed.
KUALA LUMPUR: Malaysian palm oil futures dipped on Monday evening, hitting a two-week low, on expectations that official production data due later this week will show rising output in July.
The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange fell 1.3 percent to 2,574 ringgit ($601.12) by the close of trade. It earlier dropped to an intraday low of 2,572 ringgit, its lowest since July 25.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
