Price of CPO futures contract at lowest

Malaysian palm oil futures declined on Monday evening, charting a second session of decline in three, as the market was pulled down by weaker demand and overnight losses in U.S. soyoil.

KUALA LUMPUR: The price of crude palm oil (CPO) futures contract fell to its lowest level since September 2015 as slow export growth and rising stockpile curbed the market’s appetite for the commodity.

In the derivatives market, the most active CPO futures contract declined RM18 to RM2,186 a tonne.