Palm slips on lower ringgit; stronger crude oil caps downside

JAKARTA: Malaysian palm oil futures opened lower on Wednesday, tracking weakness in the ringgit, while a stronger crude oil helped limit losses.

Palm oil rises on bargain buying, stronger ringgit

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange lost 18 ringgit, or 0.45%, to 3,948 ringgit ($896.25) a metric ton in early trade.