Palm oil declined, ending the longest rally in more than two months, as falling crude oil prices reduced the appeal of the commodity as a source of biofuel.
The August-delivery contract declined as much as 1.2 percent to 3,348 ringgit ($1,094) per metric ton on the Malaysia Derivatives Exchange, and settled at 3,355 ringgit. Palm oil had risen for five sessions to May 20.
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