Malaysian palm oil price falls for fifth straight day on rising output woes


Malaysian palm oil futures jumped by more than 1 percent to its highest in nearly a month on Tuesday, extending gains into a third session on strength in related edible oils and earlier weakness in the ringgit.

KUALA LUMPUR: Malaysian palm oil futures charted a fifth consecutive day of losses on Friday evening, ending the day near three-year lows, weighed down by concerns that output would rise.

It was up earlier in the day after Malaysia, the world's second-largest exporter of palm oil, announced it would maintain its export tax on crude palm oil for October at zero percent.

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