Malaysian palm oil futures dipped again on Tuesday, losing earlier gains made on rising crude oil prices.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange ended down 0.14 percent at 2,116 ringgit ($518.37) per tonne after peaking at 2,140 ringgit.
Prices of the edible oil have fallen 2 percent in the past week on weak demand and high stockpiles in the world's second-largest producer.
Trading volumes stood at 46,573 lots of 25 tonnes each.
"The market doesn't have a clear direction, so it is going to be minimal movement," said one Kuala Lumpur-based trader.
In related oils, the Chicago May soyabean oil contract was up 0.27 percent.
The May soyaoil contract on the Dalian Commodity Exchange was down nearly 1 percent while the May palm contract slipped 0.3 percent.
Palm oil prices track the performances of other edible oils, as they compete for a share in the global vegetable oils market.
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