Malaysian palm oil price falls on weak exports, high stocks

Malaysian palm oil futures fell over 1 percent on Friday, recording a fifth session of declines in six, tracking weakness in soyoil on the U.S. Chicago Board of Trade (CBOT).

KUALA LUMPUR: Malaysian palm oil futures recorded a fifth straight day of losses on Thursday, hitting their lowest in two months, as exports weakened and inventories remained high.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed 0.5 percent lower at 2,121 ringgit ($522.02) a tonne, having earlier hit its lowest level since Dec 28 at 2,115 ringgit.