Malaysian palm oil price slips on higher output expectations, stronger ringgit

Malaysian palm oil futures fell to a two-week low in late trade on Tuesday, dropping nearly 1 percent as the market was weighed down by expectations of rising production.

KUALA LUMPUR: Malaysian palm oil futures fell on Monday, weighed down by expectations that production in August would rise slightly and by a stronger ringgit.

The ringgit was up 0.1 percent on Monday evening at 4.2660 per dollar, after earlier hitting its strongest level in more than two months.