Malaysian palm oil price erases gains to trade little changed

Malaysian palm oil futures fell over 1 percent on Thursday after three consecutive sessions of gains, on expectations of rising inventory levels and technical selling.

KUALA LUMPUR: Malaysian palm oil futures rose in early trade on Monday on cargo surveyor data showing stronger March exports, before paring gains to close the morning session little changed amid concerns about higher production.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 0.05 percent at 2,107 ringgit ($516.99) a tonne at the midday break, after gaining as much as 0.7 percent earlier in the session.