Malaysian palm oil price snaps four-day decline

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

JAKARTA: Malaysian palm oil futures snapped four days of losses on Tuesday, tracking gains in rival edible oils on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.

By Tuesday's close, the benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange had gained 2.25 percent to 2,768 ringgit ($649.99) a tonne, posting its biggest daily percentage gain since July 25.