JAKARTA: Malaysian palm oil futures opened lower on Monday after three consecutive sessions of gains, weighed down by losses in rival vegetable oils.

Palm rises for second session on stronger rival oils

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange lost 84 ringgit, or 2.19%, to 3,746 ringgit ($799.57) per metric ton in early trade.

The contract lost 1.17% last week.