Palm oil extends losses to fourth day on dull export estimates
Malaysian palm oil futures dropped for a fourth consecutive day on Wednesday to their lowest levels in nearly six weeks after cargo surveyors forecast a decline in June exports so far.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange slid 14 ringgit, or 0.3%, to 3,845 ringgit ($817.22) a metric ton during early trade, its lowest since May 17.
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