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Vegoils: Palm oil falls nearly 2 percent to three-year low on weaker related oils

Reuters  |  KUALA LUMPUR 

By Emily ChowKUALA LUMPUR (Reuters) - Malaysian palm oil futures fell to their lowest in nearly three years on Friday evening in a fourth session of losses, tracking declines in related edible oils. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 1.8 percent at 2,147 ringgit ($530.12) a tonne at the close of trade.It earlier fell to an intraday low of 2,144 ringgit, the lowest since September 21, 2015. It is down 5.3 percent this week, as sentiment was largely bearish due to weak demand and jitters over the Sino-U.S. trade spat. ...

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First Published: Fri, July 13 2018. 16:43 IST
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