Malaysian palm oil futures finished more than 1% lower on Monday following reports of lackluster exports this month, although gains in competing edible oils on the Dalian Commodity Exchange limited the downward trend.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange dropped 51 ringgit, or 1.29%, to 3,911 ringgit ($840.71) per metric ton.
Exports of Malaysian palm oil products during Aug. 1-25 were seen falling between 4.3% and 7.8% from a month-ago period, independent inspection company AmSpec Agri Malaysia and cargo surveyor Intertek Testing Services said on Friday.
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