Malaysian palm oil price charts 3rd day of losses, still trading at 2-year lows

Malaysian palm oil futures extended a downward trend, closing 0.3 percent lower on Monday as weak demand weighed on prices.

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday evening, charting a third consecutive session of declines, as the market was weighed down by weaker related edible oils and slowing exports.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange edged down 0.04 percent to 2,262 ringgit ($564.94) per tonne at the end of the trading day, near the previous session's two-year low.