Malaysian palm oil price falls more than 1% on US-China trade war

Malaysian palm oil futures fell more than 1 percent on Friday, retreating from the previous session's seven-month high, hindered by a stronger ringgit and losses in U.S. soyoil on the Chicago Board of Trade.

KUALA LUMPUR: Malaysian palm oil futures fell more than 1 percent in late trade on Thursday, charting a second session of losses, as worries over U.S.-China trade relations weighed on prices.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was last down 1.6 percent at 2,005 ringgit ($482.90) a tonne at the close of trade, its sharpest daily fall in a week.