Malaysian palm oil price falls for first time in five days on poor exports

Masing says foreign workers make up about 80% of the state plantation sector’s workforce.

MUMBAI: Malaysian palm oil futures snapped a four-day rising streak on Friday as sluggish export demand and a correction in rival soyoil prices prompted traders to book profits.

    The palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to 2,706 ringgit ($693.49) per tonne at the midday break. Palm oil had risen 3.5 percent in the previous four sessions.