Palm oil falls on weaker rival Dalian, Chicago contracts
Malaysian palm oil futures extended losses on Tuesday after the contract closed at six-month lows in the previous session, as weakness in rival Dalian and Chicago contracts weighed.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange was down 50 ringgit, or 1.32%, to 3,737 ringgit ($836.95) a metric ton by 0302 GMT.
The contract fell more than 3% on Monday to its lowest close since Feb. 2.
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