Palm falls on weaker Dalian; soft ringgit, firm crude cap losses

KUALA LUMPUR: Malaysian palm oil futures slipped for a second consecutive session on Wednesday, weighed by weaker rival Dalian oils, with a softer ringgit and firmer crude oil prices capping the decline.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 23 ringgit, or 0.51%, to 4,505 ringgit ($1,108.79) a metric ton in early trade.