KUALA LUMPUR: Malaysian palm oil futures slumped 3% on Wednesday, tracking rivals Dalian and soyoil, weighed by fears of continuing weak exports.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange slid 102 ringgit, or 3%, to 3,289 ringgit a tonne during early trade.

Palm fell 2.8% in the previous session.