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Palm snaps three sessions of gains on weak Chicago, Dalian edible oils

  • benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange lost 33 ringgit, or 0.79%, to 4,153 ringgit a metric ton
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Photo: Reuters
Photo: Reuters
By Reuters
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JAKARTA: Malaysian palm oil futures fell on Wednesday after reaching a nearly four-week high in the previous session as easing Dalian and Chicago edible oils prices weighed down on the contract.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange lost 33 ringgit, or 0.79%, to 4,153 ringgit ($1,052.19) a metric ton by 0232 GMT.

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