Malaysian palm oil price declines to one-month low on slowing demand growth

Malaysian palm oil futures rose on Tuesday evening, lifted by strength in rival edible oils and as demand expectations improved, traders said.

KUALA LUMPUR: Malaysian palm oil futures fell to a one-month low on Monday evening, recording a sixth straight day of losses on expectations of slowing demand growth and tracking losses in related edible oils.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 1.3 percent to 2,369 ringgit ($609.55) a tonne at the end of the trading day.