Malaysian palm oil price falls on stronger ringgit

Ringgit bolstered by bond sales to foreigners at fastest pace in more than a year .

KUALA LUMPUR: Malaysian palm oil futures fell at closing trade on Friday evening, weighed down by a stronger ringgit which triggered some selling, but recorded its first weekly gain in three on expectations of lower-than-expected output and steady Ramadan demand.

     The ringgit hit 4.0600 per dollar earlier in the day, its strongest level in more than a week, before settling at 4.0760 on Friday evening.