date:Apr 19, 2016
ggit propelling the market higher today, said a trader based in Kuala Lumpur. But exports have also been fairly good.
The ringgit, the currency palm oil is traded in, fell 0.6 percent against the dollar in trade on Monday evening to reach 3.9250 on tumbling oil prices, as major producers in Qatar failed to come to an agreement to freeze output.
A weaker ringgit typically supports palm oil, as it makes the vegetable oil cheaper for foreign currency holders.
Palm oil shipments from Malaysia sho