Palm hits near one-month low on poor exports, weak rivals
Malaysian palm oil futures fell for a third session on Tuesday, hitting its lowest in nearly a month, dragged by weak demand and declines in rival edible oils.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 37 ringgit, or 0.95%, to 3,861 ringgit ($820.44) a metric ton during early trade, its weakest since May 27.
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