Malaysian palm oil price falls nearly 2% to 3-year low

In a filing with Bursa Malaysia, IJM said pursuant to the agreement, IPS and the individual shareholder would own 20% and 5% stakes in PT PSS respectively, while KLKPH would own a majority of 75%.

KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in nearly three years on Friday evening in a fourth session of losses, tracking declines in related edible oils.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 1.8 percent at 2,147 ringgit ($530.12) a tonne at the close of trade.