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Malaysian palm oil futures fall to 6-week low on output concerns

Trading volumes stood at 52,177 lots of 25 tonnes each at the end of the session

Malaysian Palm oil futures see sharpest decline in 2 weeks on bearish data
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Emily Chow | Reuters Kuala Lumpur
Malaysian palm oil futures dropped over 1 per cent at the close of trade on Tuesday, hitting their lowest levels in nearly six weeks, pressured by weaker soyoil prices and a forecast that February palm output will be higher than usual.
 
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 1.4 per cent at 2,183 ringgit ($536.50) a tonne at the close in a third straight session of falls. It earlier fell to an intraday low of 2,166 ringgit, its lowest since January 17.
 
Trading volumes stood at 52,177 lots of

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First Published: Feb 27 2019 | 2:03 AM IST

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