Malaysian palm oil price slips on forecasts of output rise

Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production.

KUALA LUMPUR: Malaysian palm oil futures declined at the midday break on Monday, in line for a second session of losses in three, on concerns that production could rise in the coming weeks.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 0.2 percent to 2,189 ringgit ($539.96) a tonne at the midday break.