Palm opens lower on weaker rival edible oils, crude prices

KUALA LUMPUR: Malaysian palm oil futures inched lower on Tuesday for a second consecutive session, weighed down by weaker rival edible oils and crude oil prices.

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

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 15 ringgit, or 0.38%, to 3,950 ringgit a metric ton in early trade.