RAM also said the increase in Indian import duties on rival soybean oil in June 2018 was also expected to reverse the downtrend in palm oil exports for Malaysia and Indonesia.
KUALA LUMPUR: Malaysian palm oil futures slipped to a more than one-week low on Monday evening, tracking weakness in related edible oils and as the ringgit strengthened.
The ringgit, palm oil's currency of trade, gained 0.2 percent against the dollar to 4.0980, making the vegetable oil more expensive for holders of foreign currencies.
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