Palm opens lower on weaker rival edible oils, stronger crude caps losses

KUALA LUMPUR: Malaysian palm oil futures opened lower on Monday, weighed by weaker rival edible oils while stronger crude oil prices limited losses.

Malaysian palm oil rises

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 60 ringgit, or 1.48%, to 3,997 ringgit a metric ton in early trade.