12/11/2010 (Jakarta Globe) - The price of palm oil dropped the most in almost a month on speculation China, the world’s biggest consumer of cooking oil, might look to slow purchases after prices climbed to their highest level in more than two years.

January-delivery futures shed 1.3 percent to 3,353 ringgit ($1,077) a metric ton on the Malaysia Derivatives Exchange.

The slide mirrored losses in other commodities. Cotton, sugar and rubber futures tumbled by the daily limit in China as gains to records were seen as excessive.