Palm Oil Declines as Weak Exports Point to Low Seasonal Demand

Palm oil prices fell from a two-week high as traders weighed weak demand for exports from the world’s two biggest producers, Indonesia and Malaysia.

Futures were down 0.7% at 4,639 ringgit per ton in Kuala Lumpur, after touching a two-week high earlier in the session. Indonesia’s palm oil exports sank by a quarter from April to 1.48 million tons in May, led by a drop in shipments to China and the Americas, according to Intertek Testing Services. Shipments from Malaysia, the second-largest grower, fell 9% in May from the month before, the data showed.

“These are typically months of high ...