Malaysian palm oil price drops to 4-month low on weaker related edible oils

Malaysian palm oil futures ended higher on Wednesday, tracking buoyant soy oil and crude oil prices, and prompting short covering among traders.

KUALA LUMPUR: Malaysian palm oil futures fell to a four-month low on Monday, tracking softer edible oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

Higher-than-forecast production growth and technical selling also contributed to the fall, traders said on Monday evening.