Malaysian palm oil price declines, tracking weaker rival oils


Malaysian palm oil futures on Thursday registered their sharpest daily fall in nearly two weeks, weighed down by weaker-performing related edible oils and a technical sell-off.

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday evening, tracking weaker soyoil on the Chicago Board of Trade and other related edible oils on China's Dalian Commodity Exchange.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.6 percent at 2,626 ringgit ($607.03) a tonne by the close.

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