Malaysian palm oil price snaps 5-day rally on news of possible Indian curbs

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 0.9% to 2,185 ringgit ($522.23) per tonne. The market however is still up by 1.7% on the week.

SINGAPORE/KUALA LUMPUR: Malaysian palm oil futures ended lower on Friday after five days of gains following news that India is considering restricting imports from Malaysia.

Reuters reported that India is considering restricting imports of some products from Malaysia including palm oil, according to government and industry sources, in reaction to the Southeast Asian country's leader slamming New Delhi for its actions in Kashmir.