Malaysian palm oil price edges lower on upbeat Oct production outlook

Malaysian palm oil futures fell on Thursday, snapping two days of gains, as it tracked weaker crude oil prices and a drop in U.S. soyoil in Chicago

KUALA LUMPUR: Malaysian palm oil futures hit their highest in three days on Tuesday before falling in the evening on declines in global markets and expectations of rising October production.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 0.9 percent at 2,218 ringgit ($532.98) a tonne at the close.