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 retreated from a six-week top on Monday evening, falling over 1 percent to snap five sessions of gains, tracking weaker soybean oil prices on the U.S. Chicago Board of Trade and in a technical correction.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,200 ringgit ($537.24) a tonne at the close of trade.
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