Palm drops to nearly 4-month low on weak Dalian rival oils, increased output

JAKARTA: Malaysian palm oil futures fell to a nearly four-month low on Wednesday, snapping last session’s gains, as rival edible oils on the Dalian exchange and increased production weighed.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 10 ringgit, or 0.24%, to 4,133 ringgit ($978.46) a metric ton as of 0234 GMT.