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Palm extends losses on weak crude, firm ringgit, sluggish exports
KUALA LUMPUR: Malaysian palm oil futures extended losses for a second straight session on Monday, as a firmer ringgit, softer crude oil prices and sluggish exports dampened sentiment. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 41 ringgit, or 0.84%, to 4,857 ringgit ($1,191.90) a metric ton at the close. The contract fell 0.77% in the previous session. The market was pressured by lower oil prices and a stronger ringgit, while Friday’s decline in open interest also reflected subdued market participation, a Kuala Lumpur-based trader said....
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