Palm slips for seventh session in eight, weaker ringgit limits fall

KUALA LUMPUR: Malaysian palm oil futures eased on Thursday, declining for a seventh session in eight as they tracked losses in rival oils, although a weaker ringgit capped losses.

Palm closed up on weaker ringgit, stronger rival oils

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange slid 22 ringgit, or 0.56%, to 3,893 ringgit ($855.23) a metric ton during early trade.