Palm Oil Drops on Weaker Malaysian Exports and Stronger Ringgit.

Palm oil prices have dropped due to concerns about slower exports from Malaysia, the second-largest producer, and a stronger Malaysian currency. Shipments from Malaysia have decreased by almost 17% compared to the previous month. The stronger ringgit has made palm oil more expensive for international buyers. However, prices are expected to receive some support as India, the world's largest buyer of vegetable oils, is anticipated to increase purchases for the upcoming festival season. [Extracted from the article]