CPO price drops more than 1% on strong ringgit

At 9 am(0100gmt), the local unit was traded at 4.1490/1520 against the greenback from Monday's close of 4.1480/1510.

KUALA LUMPUR: Malaysian palm oil futures fell by more than 1 percent in evening trade on Thursday as a stronger ringgit helped to halt a three-session run of gains.

The ringgit, palm's currency of trade, has risen steadily since the start of the year and was up 0.7 percent on Thursday at 3.8840 against the dollar.