Malaysian palm oil futures declined sharply in late trade on Tuesday after five straight sessions of gains, tracking weakness in related edible oils on China's Dalian Commodity Exchange and also on data from the Malaysian Palm Oil Board (MPOB)
KUALA LUMPUR: Malaysian palm oil futures dropped on Thursday, tracking weak soyoil prices and as traders awaited price forecasts from an industry conference.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 0.6 percent at 2,821 ringgit ($667.06) a tonne at the closing session. It gained 0.8 percent on Wednesday.
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