The palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to reach 2,639 ringgit ($681) per tonne at the closing trade. Traded volumes were 43,083 lots of 25 tonnes each, versus a 2015 daily average of 44,600 lots
KUALA LUMPUR: Malaysian palm oil futures fell in evening trade Tuesday to the lowest in almost a month following the release of government data showing better-than-expected output growth in March.
The palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to reach 2,639 ringgit ($681) per tonne at the closing trade. Traded volumes were 43,083 lots of 25 tonnes each, versus a 2015 daily average of 44,600 lots.
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