Malaysian palm oil price falls from one-week high on weaker exports

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 fell from a one-week high to close lower on Monday, as export data showing weaker shipments.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was 0.2 percent lower at 2,188 ringgit ($526.72) a tonne at the close.