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Palm falls on Dalian weakness, firmer ringgit

  • The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange fell 13 ringgit, or 0.32%, to 4,005 ringgit
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By Reuters

JAKARTA: Malaysian palm oil futures fell on Monday, tracking weaknesses in rival Dalian and Chicago edible oils and also pressured by a stronger ringgit.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange fell 13 ringgit, or 0.32%, to 4,005 ringgit ($979.94) a metric ton by 0232 GMT.

The contract declined 3.23% last week.

Palm Oil

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