Malaysia palm oil price tumbles on lacklustre export data

A worker checks a container with palm oil fruits collected at a plantation in Chisec, Guatemala December 19, 2018. - Reuters

KUALA LUMPUR:Malaysian palm oil futures slid on Tuesday, logging a fourth consecutive session of declines, as lacklustre export data and softer soyoil prices kept a lid on sentiment.

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange was down 0.9% at 1,980 ringgit ($477.80) per tonne at the close, hitting a two-week low.