Malaysian palm oil futures extended losses, as investors feared that the euro zone debt woes could hurt global growth, although losses were limited by a healthy demand outlook for the edible oil on the back of lower soybean supply.
I think the main reason the market's down is the Europe economic situation. The Dow Jones Indices also dropped about 100 points, and that should affect the overall sentiment, said Alan Lim, research analyst with Malaysia's Kenanga Investment Bank.