Palm Oil Prices Tumble on Weaker Crude, Sluggish Exports
Malaysian palm oil futures fell for the second consecutive session on Monday due to weaker crude oil prices, a stronger ringgit, and sluggish exports.
The December contract on Bursa Malaysia declined by 0.84% to 4,857 ringgit/t, or about $1,192/t.
Cargo surveyors estimated that Malaysian palm oil exports for September 1-20 fell by 12.8-24.7% compared with the previous month.