Malaysian palm oil price falls on fears of supply disruption


The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange dipped 21 ringgit, or 0.8%, to 3,020 ringgit ($737.12) by 2:45 GMT (1045 Malaysian time.)

KUALA LUMPUR: Malaysian palm oil futures fell for a third straight session on Tuesday, as traders hedged against the risk of a supply disruption in case of an escalation in Middle East tensions.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange dipped 21 ringgit, or 0.8%, to 3,020 ringgit ($737.12) by 2:45 GMT.

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