Palm oil falls to 6-month low on strengthening ringgit

Malaysian palm oil futures closed nearly 1 percent higher on Wednesday, posting their third straight session of gains, on the back of a weaker ringgit. (Filepic shows an oil palm plantation worker carrying an oil palm bunch to be loaded onto the back of a truck at a plantation near Sepang. - Reuters

KUALA LUMPUR: Malaysian palm oil futures hit a six-month low in evening trade on Friday and were headed for a third consecutive session of declines, weighed down by a stronger ringgit.

The ringgit, palm oil's currency of trade, hit a five-month high at 4.3960 per dollar and was last up 0.1 percent at 4.4050.