Palm oil falls for second session as firmer ringgit weighs
Malaysian palm oil futures dropped for a second consecutive session on Thursday as a stronger ringgit and weakness in rival vegetable oils pressured the contract.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange lost 32 ringgit, or 0.82%, to 3,876 ringgit ($852.24) a metric ton by 0235 GMT.
The contract fell 0.18% in July, the second consecutive monthly drop.
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