Malaysian palm oil prices suffer sharpest fall in a week as exports drop

Malaysian palm oil futures slipped on Monday as a stronger ringgit and expectations for higher production offset data showing an increase in export shipments.

KUALA LUMPUR: Malaysian palm oil futures slid on Tuesday evening to their steepest fall in a week, tracking a decline in exports and weaker performance among other related edible oils.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 1.2 percent at 2,633 ringgit ($613.18) at the close of trade, its second consecutive  session of declines and its sharpest daily decline since August 7.