Palm closes down on weaker Dalian contracts; lower output estimates cap losses – Markets

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday after two consecutive sessions of gains, weighed down by weakness in Dalian vegetable oils, although lower production estimates limited losses.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange slid 30 ringgit, or 0.80%, to 3,740 ringgit ($812.16) at closing.

The contract was seen trading…