Malaysian palm tumbles.

• Author: Kazmi, S. Kamal Hayder
• Position: Brief article

Byline: S. Kamal Hayder Kazmi

Malaysian palm oil futures fell on Wednesday, charting a fifth straight session of declines, as poor exports data kept the market subdued. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange was down 0.8 percent at 1,966 ringgit ($474.31) per tonne at the close. It earlier fell to its lowest since Nov. 27.

Exports data from Tuesday continued to weigh on traders' mood, a Kuala Lumpur-based trader said. On Tuesday, cargo surveyors Societe Generale de Surveillance and Intertek Testing Services said exports of Malaysian palm oil products for June 1-25 fell...