Malaysian palm oil price falls on rising stockpiles

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 dropped on Monday as caution over rising stockpiles outweighed positive September export numbers.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 0.3 percent at 2,168 ringgit ($523.55) a tonne at noon.