Malaysian palm oil price has biggest fall in a month as rival oils weaken

Malaysian palm oil futures fell on Friday, ending a four-day winning streak, as soyoil's weak performance on the Chicago Board of Trade (CBOT) weighed.

KUALA LUMPUR: Malaysian palm oil futures had their sharpest daily fall in a month late on Monday, marking their third straight session of losses, tracking weakness in related edible oils and as a stronger ringgit weighed on the market.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to 2,805 ringgit ($669.93) a tonne at the end of the trading day, the first day of a new trading contract.