Malaysian palm oil price falls further on higher output expectations

A file photo of a worker collecting palm oil fruit at a factory in Sepang, on Feb 18, 2014. – Reuters

KUALA LUMPUR: Malaysian palm oil futures fell for a third consecutive session on Tuesday on expectations of higher output in March.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,132 ringgit ($523.83) a tonne at the close of trade.