Palm Oil Extends Decline on Weak Demand and Stronger Ringgit

Palm oil fell for a second session due to waning exports from Malaysia and a stronger ringgit.

Palm oil shipments from No. 2 producer Malaysia dropped 20% during the first 20 days of November compared to the same period a month before, according to Intertek Testing Services. Sales to Africa halved while exports to the European Union also fell sharply.