Malaysian palm oil price at more than one-week low on expected output rise

The Malaysian currency rose as much as 0.53 percent against the dollar to 3.8550, its highest since April 2016, bolstered by high oil prices and portfolio inflows. It was last up 0.35 percent at 3.8620 per dollar on Wednesday evening for a third consecutive sessions of gains. Gains in the ringgit, palm's currency of trade, usually weigh on the tropical oil by making it more expensive for holders of foreign currencies

KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in more than a week on Tuesday evening, charting a second consecutive session of losses on expectations that production will rise in the coming weeks.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 0.8 percent at 2,152 ringgit ($529.66) a tonne at the close of trade. It earlier fell to 2,148 ringgit, its lowest since July 13.