The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 1 percent at 2,563 ringgit a tonne at the end of the trading day, a second straight session of declines. Earlier in the session, the contract fell as much as 1.7 percent to 2,544 ringgit, its lowest since July 24.
KUALA LUMPUR: Malaysian palm oil futures reached their lowest level in more than four months on Tuesday as the ringgit strengthened, making the tropical oil more expensive for holders of foreign currencies.
The ringgit, palm's currency of trade, hit fresh 14-month highs in trade on Tuesday, but later weakened 0.2 percent against the dollar to 4.0660.
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