20/12/2017 (DAWN.com) - KUALA LUMPUR: Palm oil futures declined on Tuesday evening as high end-stocks and sluggish demand dented sentiment but pared an earlier 1 per cent drop.

Weakness in related edible oils compounded the decline, said traders. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was down 0.3pc at 2,521 ringgit ($618.04) at the end of the trading day, a second straight day of losses.

Palm had been on a downward trend on weak demand and high stockpiles before jumping nearly 3pc to reach its highest levels in a week last Friday.

Trading volumes stood at 44,356 lots of 25 tonnes each on Tuesday evening.