Palm Oil Falls for Third Day to Three-Year Low as Exports Drop

Palm oil slumped to a three-year low on speculation that shipments from Malaysia, the world’s second-largest producer, may decline for a second month.

The contract for February delivery fell 0.5 percent to 2,230 ringgit ($730) a metric ton on the Malaysia Derivatives Exchange, the lowest price at close for the most-active contract since November 2009. Futures are set for a 30 percent drop this year, the worst annual loss since the financial crisis in 2008.