Malaysia palm oil price inches lower as market awaits fresh production data

Malaysian palm oil futures fell nearly 1 percent to their lowest level in two weeks on Monday, recording a third consecutive session of losses, due to weaker exports.

KUALA LUMPUR: Malaysian palm oil futures edged lower in a sideways market on Friday, as traders awaited industry production data for the first 20 days of the month before taking any fresh positions.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 0.3 percent at 2,050 ringgit ($488.79) per tonne at the end of first-half trading, after three straight sessions of gains.