The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.2 percent at 2,403 ringgit ($617.90) a tonne at the close of trade. It earlier rose as much as 0.7 percent to 2,424 ringgit.
KUALA LUMPUR: Malaysian palm oil futures touched a three-day high on Thursday on expectations that production gains will taper off at the end of the year.
The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,027 ringgit ($484.58) a tonne at the close, a second straight day of gains after three days of losses.
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