The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed down 51 ringgit, or 1.7%, at 2,956 ringgit ($715.39) a tonne, marking its second straight session of drop.
KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Tuesday, tracking a sharp drop in Dalian oil prices, while fears of new restrictions in Europe to contain a spike in COVID-19 cases also hit sentiment.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed down 51 ringgit, or 1.7%, at 2,956 ringgit ($715.39) a tonne, marking its second straight session of drop.
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