Malaysian palm oil price falls nearly 2% on stronger ringgit

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was down 1.6% at 2,156 ringgit ($516.41) per tonne to mark a third straight session of losses.Palm earlier fell as much as 1.8% to an over one-week low of 2,152 ringgit, its lowest since August 9.

KUALA LUMPUR: Malaysian palm oil futures fell nearly 2% on Monday, weighed down by gains in the ringgit and tracking losses in related edible oils.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was down 1.6% at 2,156 ringgit ($516.41) per tonne to mark a third straight session of losses.