date:Jul 25, 2018
oduction, said a Kuala Lumpur-based trader.
Output in Malaysia is expected to enter the high production cycle in the last quarter of the year, but annual production could fall short of forecasts and peak later in the season than usual.
Another Kuala Lumpur-based trader said appreciation in the ringgit also contributed to palms declines on Monday, as this makes the edible oil more expensive for foreign buyers.
The ringgit, palms currency of trade, gained 0.2 percent against the dollar by noon