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Malaysian palm oil falls as weaker rival oils, crude weigh

  • Palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange lost 24 ringgit, or 0.53%, to 4,462 ringgit
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Photo: Reuters
Photo: Reuters
By Reuters

JAKARTA: Malaysian palm oil futures slipped on Monday, tracking weakness from rival edible oils at the Dalian market, while crude oil prices also weighed on sentiment.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange lost 24 ringgit, or 0.53%, to 4,462 ringgit ($1,130.19) a metric ton in early trade.

Palm Oil

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