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Vegoils: Palm falls to one-week low on rising production concerns

Reuters  |  KUALA LUMPUR 

By Emily ChowKUALA LUMPUR (Reuters) - Malaysian palm oil futures hit their lowest in a week on Thursday, registering a fourth consecutive session of declines on concern over rising production in the coming months. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange fell 0.3 percent to 2,423 ringgit ($625.29) a tonne at the end of the trading day. It earlier fell as much as 1.2 percent to 2,403 ringgit, its weakest since April 4.Trading volumes stood at 48,336 lots of 25 tonnes each at the close of trade."Rising production is weighing on prices," said ...

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First Published: Thu, April 12 2018. 16:44 IST