Palm oil falls, tracking rival vegetable oils, crude

JAKARTA: Malaysian palm oil futures fell on Thursday, snapping gains from previous session, and tracking rival Dalian and Chicago vegetable oils, while a drop in crude prices also weighed down the market.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 22 ringgit, or 0.48%, at 4,552 ringgit ($1,114.32) a metric ton in early trade.