Malaysian palm oil price falls over 1% on weakness in CBOT soyoil

Malaysian palm oil futures fell on Thursday, snapping two days of gains, as it tracked weaker crude oil prices and a drop in U.S. soyoil in Chicago

KUALA LUMPUR: Malaysian palm oil futures fell over 1 percent on Monday before paring some losses, as weakness in overnight soyoil on the U.S. Chicago Board of Trade (CBOT) and data showing declining exports weighed on sentiment.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was down 0.8 percent at 2,121 ringgit ($507.54) a tonne at the close, in its first day of trade.