Palm oil falls to 6-week low on bearish outlook for stocks


File pic: Godrej International Ltd.

KUALA LUMPUR: Malaysian palm oil futures fell to its lowest in six weeks on Tuesday, recording a fourth consecutive day of declines, due to a bearish outlook for stocks from a leading palm oil analyst.

Dorab Mistry had forecast on Monday evening that Malaysia's palm oil output will rise to 20 million tonnes in 2019, up from earlier estimates of 19-19.5 million tonnes.

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