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 fell 1.7 percent to their lowest in more than a month on Monday, tracking weakness in soyoil on the Chicago Board of Trade (CBOT) and as demand from top consumers China and India weakened.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.7 percent at 2,691 ringgit ($640.41) a tonne at the close of trade. It earlier declined to 2,685 ringgit, its lowest since Aug. 21.
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