Malaysian palm oil price falls from 2-week high on weaker demand expectations

Malaysian palm oil futures dipped on Tuesday evening, hitting their lowest in a week and tracking overnight losses in related edible oils such as soyoil on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange

KUALA LUMPUR: Malaysian palm oil futures rose to a two-week high in early trade on Tuesday, before falling back to end lower on speculation of weaker demand so far in May.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange dipped 0.1 percent to 2,381 ringgit ($603.09) a tonne at the close of trade, snapping two previous days of gains.