The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed down 1.3% at 2,239 ringgit ($534.37) per tonne, snapping five days of gains. Earlier in the session, it had fallen as much as 1.9% to a three-day low of 2,227 ringgit. The contract hit its strongest level since Feb. 8 on Monday at 2,312 ringgit.
KUALA LUMPUR: Malaysian palm oil futures retreated from a more than six-month high hit the previous session on Tuesday, tracking weaker related oils on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed down 1.3% at 2,239 ringgit ($534.37) per tonne, snapping five days of gains.
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