Palm down nearly 1% in third daily decline on weaker edible oils


Malaysian palm oil futures rose more than 1 percent on Friday evening, charting a third straight day of gains, supported by a weaker ringgit MYR= and rising related edible oils.

KUALA LUMPUR: Malaysian palm oil futures fell by nearly 1 percent on Tuesday evening, hitting their lowest in a week under pressure from weakness in related edible oils as traders took profits ahead of a long holiday weekend.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange fell 0.9 percent to 2,713 ringgit ($636.03) by the close.

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