Palm oil snaps four-day rally on weaker rival soyoil and crude

JAKARTA: Malaysian palm oil futures snapped a four-session rally on Tuesday, weighed down by rival soyoil at the Dalian and Chicago markets and the fall of crude prices.

Malaysian palm oil gains

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange lost 84 ringgit, or 2.04%, to 4,042 ringgit ($950.39) a metric ton in early trade.