Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange dropped 1.7 percent at 2,723 ringgit ($612.60) a tonne by the end of the trading day. It earlier fell to 2,717 ringgit, its lowest since Nov. 2.
Palm shed more than 3 percent last week, its biggest single-day drop in three weeks on Friday due to weakness in rival soyoil and poor demand.
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