JAKARTA: Malaysian palm oil futures plunged for a third straight session on Wednesday and hit their lowest in nearly a month.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange fell 3.03% to 3,289 ringgit ($744.08) per tonne in morning trade.
Palm logs worst day in two weeks as rival oils drop, supply rises
The contract looked set to book a third monthly drop after extending losses from its worst day in two weeks on weaker rival edible oil prices and expectations of rising output in May.
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